What is Statoil called now?
What is Statoil called now?
Looking towards the next 50 years, reflecting on the global energy transition and how we are developing as a broad energy company, it has become natural to change our name. The name Equinor captures our heritage and values, and what we aim to be in the future,” says former Statoil’s President and CEO Eldar Sætre.
Which country owns Statoil?
Government of Norway
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger….Equinor.
| Formerly | Statoil (until 15 May 2018) |
|---|---|
| Total equity | US$39.9 billion (2017) |
| Owner | Government of Norway (67%) Free float (33%) |
| Number of employees | 20,000 (2019) |
Did Equinor buy Statoil?
On May 15, 2018, we changed our name from Statoil to Equinor. The biggest transition our modern-day energy systems have ever seen is underway, and we aim to be at the forefront of this development. Our name change supports our strategy as a broad energy company. We changed our name from Statoil to Equinor on May 15.
Was Equinor a Statoil?
What was Equinor before?
Equinor is an international energy company present in more than 30 countries worldwide, including several of the world’s most important oil and gas provinces. Founded in 1972 under the name Den Norske Stats Oljeselskap AS—Statoil (the Norwegian State Oil company), we changed our name to Equinor in 2018.
When did Statoil become Equinor?
Statoil’s name change becomes official. Norway-based energy giant Statoil ASA has officially changed its name to Equinor, according to a May 15 statement.
Why did Equinor change its name?
If a company is to succeed over time, it must change and adapt at least as fast as its surroundings. We changed our name to Equinor because we’re going from being a pure oil and gas company to become a broad energy major. We will develop oil, gas, wind and solar power.
What is the difference between Statoil and Statoil Hydro?
Statoil ASA was a Norwegian petroleum company established in 1972. It merged with the oil and gas division of Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro.
Is there a Statoil petrol station in Estonia?
A Statoil petrol station sign in Estonia Statoil ASA was a Norwegian petroleum company established in 1972. It merged with the oil and gas division of Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro.
When did StatoilHydro start operations?
Under the rules of the EEA the proposal was approved by the European Union on 3 May 2007 and by the Norwegian Parliament on 8 June 2007. Former Statoil’s shareholders hold 67.3% of the new company StatoilHydro, which started operations on 1 October 2007. The company is the biggest offshore oil and gas company in the world.
Who is the largest shareholder of Statoil?
The Norwegian Government, the biggest shareholder in both Statoil and Norsk Hydro, holds 67% of the company. Jens Stoltenberg, the then Norwegian Prime Minister, commented that he viewed the merger as “the start of a new era…creating a global energy company and strengthening Norway’s oil and gas industry.”
