Formerly-Statoil Equinor’s new logo (Image courtesy of Statoil/Equinor)
The board of directors of Statoil has proposed to change the name of the company to Equinor, the Norwegian energy company declared in a press release.
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, and who wants to use this actively in its positioning.
The new name has been proposed to shareholders in a resolution to the Annual General Meeting on 15th May. The Norwegian government, as majority shareholder, supports the proposal and will vote in favour of the resolution.