Oil and Gas Round-Up – 15 February
A slow news week in the SmallCapNews universe but at least there will be no more disappointing operational updates from Bayfield Energy.
Plexus Holdings receives contract extension from Maersk Oil
Maersk Oil UK has agreed to exercise two, one year extension options for Plexus Holdings (LON:POS) to supply its High Pressure/ High Temperature (‘HP/HT’) POS-GRIP wellhead technology, casing support and mudline suspension services for an exploration programme in the North Sea.
Why oilfield engineering group Plexus may soon need to tackle the takeover question
Despite the fact that 2012 was far from a vintage year for exploration success, AIM quoted oil and gas companies are still magnets for investors. Last December £503 million worth of stock was traded in E&P companies through the London Stock Exchange. The next most actively traded sector on the exchange – mining – saw [...]
Oil and Gas Round-Up – 1 February
Quite a busy week in the SmallCapNews universe as our companies take us all over the world.
Plexus wins wellhead contract with Glencore
Oilfield engineering group Plexus Holdings (LON:POS) has agreed a £700,000 deal to supply its wellhead equipment to FTSE 100 commodities group Glencore.
Plexus signs up Total for subsea wellhead project
Wellhead engineering group Plexus Holdings (LON:POS) has signed up Total, the French oil and gas operator, as consulting partner on its subsea wellhead project.
Plexus agrees four year contract with Shell in Brunei
Oil and gas engineering services business Plexus (LON:POS) has agreed a four year contract to supply wellhead and mudline equipment to Brunei Shell Petroleum Sdn Bhd.
Plexus secures wellhead agreement from major oil and gas operator
Oil and gas engineering services group Plexus (LON:POS) has secured a three year agreement with a leading global oil and gas producer for relief well standby wellhead equipment.
Plexus signs up ENI and Oil States for subsea wellhead project
Oil and gas engineering services business Plexus (LON:POS) has signed up more major oil companies as consulting partners on its Joint Industry Project (JIP) to develop and commercialise a new and safer subsea wellhead.
Plexus picks up major wellhead order from BG Group
Plexus (LON:POS), the oil and gas engineering services business behind the proprietary POS-GRIP friction-grip method of wellhead engineering, has secured a £1.3 million order from BG Group subsidiary, BG International.
Plexus wins further contract with Bowleven in West Africa
Oil and gas engineering services business Plexus (LON:POS) has signed a further contract to supply wellhead equipment for appraisal activity to Bowleven (LON:BLVN), the Africa-focused exploration company.
Plexus gathers momentum as well head technology interest grows
Plexus (LON:POS), the oil and gas engineering services business, saw revenues leap in the first six month of the year as growing acceptance of its POS-GRIP well head technology brought more big name operators on to the company’s books.
