LNG

May 14 (LNGJ) - Statoil, the Norwegian energy company and operator of Europe’s only major LNG production plant at Hammerfest, will change its name from May 16 to Equinor. The new name will be proposed to a meeting of shareholders on May 15. The Norwegian government, as the majority shareholder, supports the proposal and will vote in favour of the resolution. This means that May 15 will be the last day of Statoil trading on the Oslo stock exchange under the ticker “STL”. From May 16 the company will trade under the new ticker “EQNR”, which will also be the ticker name of the company’s American Deposit Rights traded on the New York Stock Exchange. The name Equinor is formed by combining “equi”, the starting point for words like equal, equality and equilibrium and “nor” for its Norwegian origin.