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Stock Market & Financial Investment News

News Breaks
February 27, 2013
10:01 EDTEMREmerson awarded $33M contract to upgrade automation on Statoil platform
Statoil has awarded Emerson Process Management, a business of Emerson, a $33M contract to upgrade safety and automation systems on the Visund oil platform in the Norwegian North Sea. Previously selected by Statoil as one of its preferred automation and safety suppliers, Emerson will provide integrated safety and automation systems to help the international energy company boost oil recovery and extend the life of the field while also reducing operating costs and minimizing safety and environmental risks.
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