Proposed Name Change, Statoil ASA

Wednesday, March 25, 2009
Styreleder Svein Rennemo

The board of directors of StatoilHydro will propose to the company’s Annual General Meeting on 19 May that the company name be changed to Statoil ASA.

On 27 February this year, the board of directors received a letter from the Norwegian Ministry of Petroleum and Energy which stated that “the Norwegian State at the Annual General Meeting will only vote for proposals which include the name Statoil, either alone or as the dominating part of a new name”.

”The question of the company’s name is to be decided by the owners at the Annual General Meeting,” said Svein Rennemo, chair of the StatoilHydro board. “The board, on their part, will not submit any other proposals at the Annual General Meeting than what we can expect to be adopted. The proposal we are now presenting is in line with the views on the name issue which the company’s main owner, the Norwegian State, has expressed in its letter,” he said.

The board also proposes to change the company’s objects clause to include other types of energy than petroleum. This will reflect the company’s strategic focus on a gradual increase in the development of renewable energy sources.

The decision on a new company name and objects clause will be made by StatoilHydro’s Annual General Meeting in Stavanger on 19 May. The name change and the company’s new profile are planned to be implemented on 1 November 2009.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Keystone XL Costs to Nearly Double - TransCanada

The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday.

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Rotterdam Integrates Safety Research with LNG Training Facility

The Dutch company Falck Risc is becoming the number one expert on LNG safety in Europe. Together with the Unified Fire Department, Falck Risc will draw up guidelines

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1318 sec (8 req/sec)