Statoil may disappear by Wednesday after vote on renaming

Statoil to change name to Equinor this week

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

Long name and symbol for warrants with Statoil as underlying instrument will therefore be changed with an effect from the start of trading on today May 16, 2018. The proposal will be voted on at an annual general meeting on May 15. From 16 May 2018 (inclusive), the Companys shares are expected to trade on Oslo Børs under the new ticker “EQNR”. Trading of its stock on the Oslo stock exchange will continue under the ticker "STL" by May 15.

The new name has now been registered in the Norwegian register of business enterprises (Foretaksregisteret) and the company's shares are from May 16 quoted on Oslo Børs with the new name and the new ticker EQNR. The Norwegian government, which holds a majority stake in the group, has pledged to support the change.

Georgia gubernatorial candidate goes on campaign tour with his 'deportation bus'
Under Casey Cagle's failed leadership, Georgia now outranks both Arizona and New Mexico in the total number of illegal aliens. All you have to do is take a look at his bus that says, "Fill this bus with illegals vote Michael Williams! ".

Classic NES and SNES: Mini consoles stocked until year end
The NES Classic Edition and SNES Classic Edition are returning to stores on June 29, Nintendo of America announced this week . Its sequel, the Super Nintendo Classic Edition, will also be available for purchase through the end of the year.

3 storm-related deaths in Connecticut, New York
The extreme storm downed bushes and utility poles sparked a vehicle hearth in East Rutherford, N.J., police mentioned. Damage to train tracks from severe weather has suspended Brunswick, Maryland's MARC's Brunswick Line service.

Subject to the AGMs approval of the name change and subsequent implementation, the new ticker “EQNR” is also excpected to be implemented for the Companys American Deposit Rights (ADRs) traded on the New York Stock Exchange (NYSE). "The biggest transition our modern-day energy systems have ever seen is underway, and we aim to be at the forefront of this development", Statoil's chair of the board, Jon Erik Reinhardsen, said in a company statement back in March.

By dropping the "state" prefix and the "oil" suffix, the 46-year-old company is looking towards a future where its activities become more global, with a larger share of investments spent on natural gas and renewable energy sources. In December, it secured a 79,000-acre plot off the coast of NY for its Empire Wind project, a wind farm with a design capacity of 1 gigawatt.

Related news:

Hot News

isis-killer-beheading-video-story-top Best quotes from Chadwick Boseman's Howard University graduation speech
May 16, 2018 - 15:59
As he wrapped his speech, Boseman did his now famous "Wakanda salute" saying, " Howard forever ". It is the reason that you are on the planet at this particular time in history".

isis-killer-beheading-video-story-top Novartis top lawyer exits over payment to Trump lawyer
May 16, 2018 - 15:57
But as we reported previously, the drug maker continued making payments - in $100,000 monthly installments - to avoid angering Trump.

isis-killer-beheading-video-story-top Oil climbs on Middle East unrest, with Brent notching another multiyear high
May 16, 2018 - 15:55
More figures on US oil output will be released separately by the EIA and International Energy Agency on Wednesday. During the week from April 28 to May 4, the API reported a draw of 1.85 million barrels of crude oil .

isis-killer-beheading-video-story-top USA dollar climbs on rising Treasury yield
May 16, 2018 - 15:43
The dollar was down by 0.1 percent to 110.13 against the yen, after reaching 110.45 on Tuesday, its highest since February 5. Wednesday's relative stability will be welcomed by many investors, given that fresh uncertainty about the U.S.

isis-killer-beheading-video-story-top Pope warns bloodshed in Gaza hurts peace: 'War begets war'
May 16, 2018 - 15:32
I express my great pain for the dead and wounded and I am close to all who suffer with my prayers. Francis gave the bishops a text "with different themes for meditation" the Vatican said.

isis-killer-beheading-video-story-top Overwatch Anniversary Celebration Brings Tons Of Content On May 22nd
May 16, 2018 - 15:31
With these loot boxes , players can get items that were left behind in the Summer Games and other Overwatch events. Additionally, the event will bring back all seasonal cosmetic items, as well as some past seasonal brawls.

isis-killer-beheading-video-story-top Ajax relegated after paying steep price for Ndoro eligibility debacle
May 16, 2018 - 15:22
Club officials confirmed earlier yesterday that they were frantically making plans to honour the fixture against Leopards. Ajax have 72 hours to appeal against Mokhari's decision at the Court of Arbitration for Sports in Zurich‚ Switzerland.

isis-killer-beheading-video-story-top Neymar Responds To Real & Man Utd Transfer Links
May 16, 2018 - 15:10
Meanwhile, NAIJ.com had earlier reported about Neymar's frustrations concerning the rumours surrounding his future with PSG. I think it's one of the most hard I've ever had, because I'm very close to a dream I have, which is the World Cup.

isis-killer-beheading-video-story-top NASA breaks record with new photo of Earth
May 16, 2018 - 14:58
This first-ever image from the MarsCO mission was captured on May 9 by the "Wall-E" satellite, officially known as MarCO-B. MarCO will send data back to NASA about InSight Lander's condition as it enters the planet's atmosphere and explores Mars.

isis-killer-beheading-video-story-top BSEB 10th class result 2018 expected today; check at biharboard
May 16, 2018 - 14:51
So, all the interested students who have appeared for their Bihar Board exams then, they can check their results today. The BSEB official has also suggested candidates to not believe on rumours regarding the result declaration date.

isis-killer-beheading-video-story-top BSNL's Rs. 118 Prepaid Pack Takes on Jio's Rs. 98 Pack
May 16, 2018 - 14:49
Airtel updated its Rs. 93 pack to provide data consumption of 1 GB and unlimited voice calling for a validity of 28 days. BSNL has recently announced new plans doubling the FUP data for three of its FTTH plans with no change in prices.

isis-killer-beheading-video-story-top WB Panchayat polls: SEC orders repoll in 568 booths tomorrow
May 16, 2018 - 14:15
The BDOs and SDOs of blocks where repoll will take place have been advised to make announcements on loudspeakers. All parties, the civil society and the judiciary will have to play an active role.

isis-killer-beheading-video-story-top When does the Premier League transfer window open and close?
May 16, 2018 - 13:55
Federation Internationale de Football Association has set June 9 as the date when global transfers can begin taking place. What are the windows for other leagues? In Italy and Germany it will be on July 1 and in Spain it will be on July 2.

isis-killer-beheading-video-story-top White House may address violence around opening of US Embassy in Jerusalem
May 16, 2018 - 13:55
Gaza's Health Ministry says the number of Palestinians killed by Israeli army fire near the Gaza border has reached 37. No Israeli soldier or civilian was killed or wounded in Monday's clashes, according to Vox .

isis-killer-beheading-video-story-top IPL 2018 | MI vs KXIP, match 50: Everything you need to know
May 16, 2018 - 13:54
Mumbai Indians have an impressive net run-rate to brag about, but their middle order has been a grain in the shoes as of late. RCB defeated the Kings XI Punjab by 10 wickets on Monday at the backyard of the Punjab XI in Indore.