Statoil rebrand a ‘bold reinforcement’ of low carbon shift, Woodmac says

Norwegian major Statoil’s name change is a “bold reinforcement” of its commitment to the energy transition, an analyst has said.

Norman Valentine, senior vice president of corporate analysis, Wood Mackenzie, also said Statoil’s carbon emissions intensity was lower than that of its rivals.

Yesterday the company said it would would change its name to Equinor.

It means the word “oil” will no longer form part of the company name.

Read more on Energy Voice here.