Edition:
United States

Norway's Statoil to change its name to Equinor


Thursday, 15 Mar 2018 01:56am EDT 

March 15 (Reuters) - Statoil Asa ::STATOIL TO CHANGE NAME TO EQUINOR.‍NAME CHANGE SUPPORTS COMPANY'S STRATEGY AND DEVELOPMENT AS A BROAD ENERGY COMPANY​.‍NAME EQUINOR IS FORMED BY COMBINING "EQUI", STARTING POINT FOR WORDS LIKE EQUAL, EQUALITY AND EQUILIBRIUM, AND "NOR", SIGNALLING A COMPANY PROUD OF ITS NORWEGIAN ORIGIN​.‍NEW NAME WILL BE PROPOSED TO SHAREHOLDERS IN A RESOLUTION TO ANNUAL GENERAL MEETING ON 15 MAY​.‍NORWEGIAN GOVERNMENT, AS MAJORITY SHAREHOLDER, SUPPORTS PROPOSAL AND WILL VOTE IN FAVOUR OF RESOLUTION​.‍NORWEGIAN CONTINENTAL SHELF WILL REMAIN BACKBONE OF OUR COMPANY, AND WE WILL USE OUR NORWEGIAN HERITAGE IN OUR POSITIONING AS WE CONTINUE GROWING INTERNATIONALLY WITHIN BOTH OIL, GAS AND RENEWABLE​.