Plexus has released an operational update and announced a new £2m loan facility with OFM Holdings. Decommissioning activity in the North Sea is expected to sharply increase over the next 10 years, with industry reports of the current c15% of total expenditure on decommissioning anticipated to double to c30% by 2030. Plexus is well positioned to increase levels of activity in the North Sea decommissioning market but has been experiencing volatility with the timing of certain projects during 1H26 ....
