Caspian Energy Journal Caspian European Club
Wednesday, 16 May 2018 13:00

Statoil changes its name

One of the world's largest oil companies, Norwegian Statoil has changed its name to Equinor. The new name was approved by the annual general meeting, Caspian Energy News ( reports with reference to Statoil. In the opinion of the company's board the new name - Equinor - reflects the heritage and values of the company.

The company's shares will from 16 May 2018 be quoted on Oslo Børs with the new name and the new ticker EQNR.

The name Equinor is formed by combining “equi”, the starting point for words like equal, equality and equilibrium, and “nor”, signalling a company proud of its Norwegian origin.

Statoil is the largest oil and gas company in Norway and Northern Europe. The company is one of the largest suppliers of crude oil and gas in the world market. Statoil ensures about 60% of Norway's offshore hydrocarbon production.

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Person in charge of the newsline: Fidan Isayeva

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