Product news - 27 April 2016

The Safe-Stop Modular Shut Down System works in conjunction with the pressurised Petro-Habitat HWSE to provide safety whenever hot work is conducted in the vicinity of potential flammables.

The acquisition results in EV taking full ownership of the company and its five employees.

The company is expanding into Kazakhstan with its reaming drillable turbine technology.

The appointments are expected to enhance the company’s senior management team.

Statoil has reported adjusted earnings of US$857 million in the first quarter of 2016.