# Statoil No Longer Wants ‘Oil’ In Its Name

Published 2018-03-16 · Updated 2026-06-09 · Energy on MarketScale
Canonical: https://www.marketscale.com/industries/energy/statoil-no-longer-wants-oil-name

> Equinor. For equality and a nod to Norwegian history. This is the new name being adopted by Statoil ASA, Norway’s largest petroleum company. The organization is spending the equivalent of $30 million for its rebranding campaign in an effort to distance itself from oil and gas and pursue greener energy sources, a philosophy in line…

Equinor. For equality and a nod to Norwegian history. This is the new name being adopted by Statoil ASA, Norway’s largest petroleum company. The organization is spending the equivalent of $30 million for its rebranding campaign in an effort to distance itself from oil and gas and pursue greener energy sources, a philosophy in line with Norway’s efforts to reduce petroleum reliance.

Read more at [Bloomberg Markets](https://www.bloomberg.com/news/articles/2018-03-15/statoil-changes-name-to-remove-oil-in-renewable-energy-push)

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