Equinor ASA, the new name of Norwegian oil and gas supermajor Statoil ASA, was approved at the annual general meeting and became effective Wednesday (May 16). Shares are traded on the New York Stock Exchange under “EQNR.” The rebranding to Equinor, headquartered in Stavanger, elevates alternative energy and downgrades fossil fuels. “The biggest transition our modern-day energy systems have ever seen is underway, and we aim to be at the forefront of this development,” said Chairman Jon Erik Reinhardsen. Rebranding is expected to cost an estimated US$32.5 million.