On March 15th, Statoil of Norway held a press conference to announce that the name of the company will be changed from Statoil to Equinor and will be formally applied after confirmation by the shareholders’ meeting on May 15. Eldar Saetre, chief executive of Norwegian national oil company, said at a press conference that taking into account the global energy transition and the company’s future development goals, the company’s future strategy will focus more on equality and balance. Its business focus will also grow from oil and natural gas. Wind power, solar energy and other more extensive energy fields.
Founded in 1972, the Norwegian national oil company employs 20,500 people. In 2016, it had a turnover of US$45.9 billion. It is one of the largest state-owned companies in Norway and the world's largest continental shelf oil and gas supplier. Its main businesses include oil and natural gas exploration and production. , refining and sales of products, business in more than 30 countries and regions in the world. The Norwegian national oil company began cooperation with China in 1978 and opened an office in Beijing in 1982. It has also cooperated with CNPC, Sinopec and CNOOC.