On 15 March 2018, Statoil announced it would change its name to Equinor and this was passed at the company’s annual general meeting in May. This is representative of its shift from a focused oil and gas player to a broad energy company and reinforces its shift towards new energy solutions and low carbon. However, oil and gas remains core to the rebranded business, with future exploration an essential part of discovering new energy resources. Equinor has stated its ambition to maintain “profitable production” in Norway until 2030 and beyond. With a number of drilling programmes ongoing, drill-bit success to year end-2019 could provide Equinor with enhanced long-term portfolio renewal options. But the company’s emphasis on deepwater and frontier prospects means value destruction is a risk. High grading the diverse range of drilling options will remain an important theme to ensure the correct risk/reward balance.