Acasă » Oil&Gas » Statoil to change name to Equinor to reflect broad energy push

Statoil to change name to Equinor to reflect broad energy push

19 March 2018
Oil&Gas
energynomics

Norway’s Statoil said it would change its name to Equinor, saying this would reflect its commitment to be a broad energy company rather than one just focused on oil. In a video posted on social media, Statoil presented the switch as a way to show its determination to develop investments in renewable energy.

Reactions by various social media users were mixed, according to Reuters.

“Equinor sounds like a princess on a horse in Game of Thrones,” said one Twitter user. “Equi” is the genitive singular in Latin for “horse”.

Others liked the change. “Congratulations on an exciting name change. The green shift is happening faster and faster. Norway must be a part of it. Good luck with the process,” tweeted Norwegian Culture Minister Trine Skei Grande.

Equinor is a combination of “equi”, the starting point for words like equal, equality and equilibrium, and “nor” for Norway, the company said.

It follows name changes by several other energy firms.

Orsted changed its name last year from DONG Energy, short for Danish Oil and Natural Gas, to rebrand itself as a renewable energy specialist and to court investors keen on green investments, after selling its oil and gas business.

France’s Engie switched from GDF Suez in 2015. GDF was short for “Gaz de France”.

Statoil, which is headquartered in the port city and oil industry hub of Stavanger, has come to symbolize Norway’s rise in the last half-century to one of the world’s richest nations.

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