Name change is expected to be adopted 15 May 2018

Image Shutterstock

This entails that 15 May 2018 is expected to be the last day of trading on Oslo Børs under the ticker “STL”.

Statoil shareholders have approved the board of director's proposal to change the company's name to Equinor.

Norway's largest oil company Statoil officially changed its name to Equinor on Wednesday as it forges ahead with its drive into renewable energy.

Subject to the AGM's approval of the name change and subsequent implementation, the new ticker "EQNR" is also expected to be implemented for the Company's American Deposit Rights (ADRs) traded on the New York Stock Exchange (NYSE).

The new name will also be reflected in the Norwegian company's American Deposit Rights (ADRs), which are traded on the NY bourse, as of May 17, at the earliest. And while Statoil is working to develop and grow its own renewable energy areas, the name Statoil could make some potential employees think that's not the case.

"The world is changing, and so is Statoil".

Equinor has emerged over the last few years as a significant player in the global offshore wind sector, developing fixed-bottom projects off the United Kingdom and pioneering the Hywind floating turbine technology.

Statoil is one of the leading producers of oil and gas in the world, drawing on reserves from the North Sea to the US waters of the Gulf of Mexico.

Related News:

  • The Triple Crown Continues on TSN with the Preakness

    The Triple Crown Continues on TSN with the Preakness

    Last year, however, Cloud Computing won last year's Preakness Stakes in an upset, despite darting from the second position. With rain expected at Pimlico Race Course in the days leading up to the Preakness and on race day, veteran trainer D.
    Florida teacher accused of drowning raccoons with students during class

    Florida teacher accused of drowning raccoons with students during class

    Some students even helped the teacher to punish the animals, the rest just watched, but nobody tried to prevent the execution. So they trapped the animals, and then placed the trapped animals inside a garbage bin filled with water.
    Apple seeks $1bn from Samsung after patent infringement dispute

    Apple seeks $1bn from Samsung after patent infringement dispute

    It infringed three design patents and two utility patents awarded to Apple to cover early models of its popular smartphone. But, it seems like that Apple is targeting Google by means of Samsung by demanding $1 Billion amount from Samsung .
  • Williams, Pirates shut out White Sox

    Williams, Pirates shut out White Sox

    He left his previous start on May 11 after just three innings with a laceration on the middle finger of his right hand. White Sox: 2B Yoan Moncada (left hamstring tightness) was activated from the disabled list and went 1 for 4.
    Russian opposition leader Navalny sentenced to 30 days in jail

    Russian opposition leader Navalny sentenced to 30 days in jail

    The vocal Putin foe was released hours later but was ordered not to leave Moscow while the cases against him were pending. He was barred from running in the most recent election as a result and called for a boycott of the vote.
    Childish Gambino to star in

    Childish Gambino to star in "Star Wars" spin-off film

    Lucasfilm president Kathleen Kennedy recently told Premiere France that Lando's story is likely the next Star Wars spin-off film. Turns out, Kathleen Kennedy and Lucasfilm's answer to that, despite being partly lost in translation, is: Sure .
  • Manhattan to scrap majority of marijuana prosecutions

    Manhattan to scrap majority of marijuana prosecutions

    They are also calling on the NYPD to no longer arrest people caught smoking marijuana in public, and issue a summons instead. Andrew Cuomo signaled last month that the time might be right to consider loosening statewide restrictions.
    Amazon is Migrating To Blockchain With New Partnership

    Amazon is Migrating To Blockchain With New Partnership

    Kaleido is the first enterprise blockchain platform to utilize Ethereum , the most proven smart contract platform in the market today.
    Total to drop billion-dollar Iranian gas project unless USA  waives sanctions

    Total to drop billion-dollar Iranian gas project unless USA waives sanctions

    Companies are starting to take matters into their own hands as European and some other governments struggle to save the Iran deal. In announcing his withdrawal from the deal, Trump warned companies that they face sanctions if they do business with Iran.
  • Bangladesh SC grants bail to ex-PM Khaleda Zia in graft case

    Bangladesh SC grants bail to ex-PM Khaleda Zia in graft case

    The High Court on Mar 12 granted an interim bail to Khaleda who was jailed on Feb 8 after a trial court convicted her. Later, the ACC and the government moved the appeals before the SC challenging the HC's bail order.
    Jameela Jamil calls Kardashian

    Jameela Jamil calls Kardashian "toxic" over diet ad

    Kim Kardashian deletes an Instagram post promoting appetite-suppressing lollipops after receiving backlash for doing so. And to play with your kids. "And to have something to say about your life at the end, other than "I had a flat stomach".
    Meghan Markle's sister confirms father's heart attack

    Meghan Markle's sister confirms father's heart attack

    Kensington Palace, although not outright confirming the news , said this in a statement: "This is a deeply personal moment for Ms. Ragland, a social worker and yoga teacher who lives in Los Angeles, is to accompany her daughter in the bridal vehicle .


Most liked

Milwaukee Bucks reportedly reach agreement with Mike Budenholzer to be head coach
Budenholzer met with team ownership Tuesday, and prior to Wednesday's report , had been considered a favorite for the job. Budenholzer would take over for interim coach Joe Prunty, who took the reins when Jason Kidd was sacked in January.

APC Calls On Ekiti To Help Them Recover Their Stolen Mandate
The chairman announced that the party's leadership had started work at consolidating on the victory recorded at the primary. I'm not on revenge mission-Fayemi Ekiti state All Progressives Congress (APC) governorship flag bearer, Dr.

Mikel Arteta favourite to become Arsenal manager
Arsene Wenger took charge of his last game at Huddersfield on Sunday as the curtain came down on a 22-year spell at the helm. Arteta would seek to bring in at least three of his own appointments - with further backroom changes expected.

Email 'Nudges' are rolling out in the new Gmail
Take note that Gmail stores data locally for this to work, so make sure there's enough storage space available, Forbes notes. The biggest of which allows users to use Gmail offline , replacing the Gmail Offline app in the Chrome browser.

Chinese online giant Tencent posts 61% rise in net profit
The results were announced after the close of the Hong Kong stock market, where Tencent shares are traded. Anchored by its marquee title, the smartphone games business yielded 68 percent growth in the quarter.

Lewis Hamilton 'close' to new deal with Mercedes
The German team also attracted special attention as it tried out new rear-wing mounted rain lights on behalf of the FIA. Our temperature was up and down, clouds were in the air, but once I got going and got a good start it was great.

NAFTA deal unlikely this week, says economy minister
Guajardo says the USA needs to show some flexibility on key NAFTA proposals, and he doesn't see it happening by Thursday. Guajardo said that negotiators were close to reaching agreement on rules of origin for the auto sector.

Mehmet Hakan Atilla gets 32-month sentence in Iran sanctions case
Berman's remarks echoed arguments that Atilla's defense attorney Victor Rocco made throughout last year's trial. Sanctions and were disguised as fraudulent gold and food transactions through Halkbank, prosecutors said.

'Yanny' or 'Laurel'? Why People Hear Different Things In That Viral Clip
If you have hearing loss, it could affect a particular frequency, allowing you to hear only one of the two variations. However, they report that age isn't the only reason that the audio may be heard differently by different people.

Neymar Admits He's 'Afraid' Ahead of Return from Injury, World Cup
Brazil begin their Group E campaign against Switzerland on June 17 and will also take on Costa Rica and Serbia in the round-robin phase.

MI vs KXIP: Preview, head-to-head and Fantasy XI
Mumbai will once again rely on opener Suryakumar Yadav , who has been consistent with the bat, amassing 473 runs from 12 innings. They are on 10 points with two games to play and could yet sneak through with wins in their last two matches.

$500 mln settlement reached in Nassar sex abuse scandal
But for some survivors, like Rachel Denhollander, the first woman to go public with her story, there is a long way to go. In 2014, the university determined that his "pelvic floor" treatments were medically legitimate , despite complaints.

Messi, Iniesta named in Barca squad for Mamelodi Sundowns friendly
The Sundowns had to persuade Guinean club Horoya, and the Confederation of African Football, to postpone their Champions League tie by a week in order to play .

Dinamo Brest appoint Maradona as chairman
Argentina football great Diego Maradona will start his new job at FC Dynamo Brest. "Yes, Diego is with us", the club tweeted. They face BATE in the Belarusian Cup final on Sunday, where they will seek to defend the trophy they won a year ago .

Roman Abramovich wants Mauricio Pochettino to replace Antonio Conte as Chelsea manager
He has barely been able to make the bench for months, and Spurs are sure to make a loss on the £15m they paid the Welsh club. If I read that Real Madrid or Barcelona were in for him, that might be more credible.