Statoil announced its plans for the name change in March. This entails that May 15, 2018 is expected to be the last day of trading on Oslo Børs under the ticker "STL".
On May 15, 2018, the annual general meeting (AGM) in Statoil ASA will vote on the proposal to change the company's name, from Statoil ASA to Equinor ASA. "The name Equinor reflects ongoing changes and supports the always safe, high value and low carbon strategy we outlined past year", Statoil's board chairman, Jon Erik Reinhardsen, said in a announcement posted to the company's website.
Statoil shares are trading higher Tuesday as the Norwegian energy company prepares to change its 50-year old name.
Oil pulls back from multi-year highs on China economy fears Crude oil production in March was around 3.76 million bpd, flat compared with the average levels in January and February. U.S. shale oil production is expected to rise by about 145,000 bpd to a record 7.18 million bpd in June, the U.S.
Pope calls for end to Holy Land violence (3) During the cathechesis, the pope explained the significance of the white garment worn when receiving the sacrament. Israel claims that Hamas is spurring the violence and using it for cover for attacks.
How Home-based Business Can Benefit from Coworking Spaces More so, it can encourage productivity by being able to lessen boredom since you will be surrounded by people you can talk to. It Fits the Bill According to statistics, self-employment is on the rise, increasing by as much as 40% in the U.S . by 2020.
The proposal has already garnered support from all five unions representing Statoil employees, comprising Industri Energi, SAFE, NITO, Tekna and Lederne, as well as the Norwegian government, which is a majority shareholder in the company. Implementation date for the new ticker EQNR for the company's American Depository Receipts (ADRs) on New York Stock Exchange is expected to be May 17 2018 at the earliest.
Statoil's involvement in renewable energy now includes hydropower, onshore wind and solar developments.
By dropping the "state" prefix and the "oil" suffix, the 46-year-old company is looking towards a future where its activities become more worldwide, with a larger share of investments spent on natural gas and renewable energy sources.
Pre-orders sold out in advance of the launch and those hoping to buy one in-store were met with long lines and empty shelves . There will be no increase in the NES Classic Edition price for its return, as it will still be sold at $59.99.
Wish you could listen to in-flight TV with your AirPods? We'll be testing AirFly ourselves and will let you know how it performs. AirFly is a tiny gadget from Twelve South that changes that by making any device with a 3.5mm headphone jack AirPods-compatible.
Telecom operators in the country have kept on refreshing their prepaid plans since the entry of Reliance Jio to the Indian market. The state-run telecom operator, BSNL, recently launched Rs 39 prepaid plan that offers unlimited voice calls to the subscribers.
As a result, the competition is expected to take away the existing tournaments: the Club World Cup and the Confederations Cup. Liverpool could be set for a £100m boost after the new Club World Cup deal was put on the table.
According to reports, the state education board said that this change will instill a sense of patriotism among the students. The opposition Congress was quick to react over the new school education department order.
The U.S. dollar rallied against a basket of major currencies on Tuesday to its highest since December, helped by a rise in U.S. Contracts for the S&P 500, Dow Jones and Nasdaq were all directionless as the Stoxx Europe 600 Index drifted.
Police have banned celebrations and bursting of crackers around 38 counting centres; additional forces have been deployed. It was 65 percent in 2008 and 2004, 69 percent in 1989 and 1994, and 69 percent in the 1990 Assembly election.
"They lose all three matches 3-0 & fined R50 000 on each offence", SAFA stated on their official Twitter account at the time. Platinum Stars now have 27 points and will be taking part in the PSL/National First Division promotion-relegation play-offs.
Novartis lawyer steps down over Trump lawyer payment
He said the company continued to pay him because it feared litigation over a premature termination of the agreement. He will retire at the start of June, to be replaced by current Novartis ethics chief Shannon Thyme Klinger.
Ronda Rousey Says She Will Be Pregnant 'Someday Soon'
The two wrestlers will be facing each other in a singles match for the Raw's Women's Championship on June 17 Rosemont, Illinois. The 31-year-old WWE superstar has been talking about babies for a while - first bringing up the topic on "Ellen" back in 2016.
C's Dominate 2nd Half, Take 2-0 Series Lead
It wasn't about how LeBron James would respond after a quiet 15-point effort as the Boston Celtics rolled in the opener. Who is most likely to win the 2018 NBA Championship? They're gooning the game up, and we've got to do the same thing.
Massive dust storm hits Delhi-NCR on Wednesday morning
Strong winds and dust storm, followed by light showers were witnessed across the national capital, as reported by ANI. The police received almost 60 calls related to fallen trees, electricity polls and wall collapses across the region.
Here's A Tesla Towing A Qantas Dreamliner
The achievement was announced after the ModelX P100D pulled a Boeing 787-9 Dreamliner on the tarmac for 300 metres. Although it's rated to tow 2500kg, the Model X managed to pull the 130,000 kg airplane almost 300 meters.
The Essentials of Being an Eco-Friendly Hotel
Conserve Energy Lights, water heaters, and air conditioning units, among other things, consume the most electricity in hotels. Through these actions, the hotel can build a better name by showing its clients how it values environmental sustainability.
Money Saving Tips for Business Owners
JJBender.com is a trustworthy and reputable source of used office equipment that offers a wide variety of products. And in today’s economy, every small business owner is looking for ways to save money and reduce expenses.