To reflect a merger of the two companies and with regards of the minor partner, Hydro, it was decided that the joint company should be given a new name. An actual new name was not decided upon at the time of the merger, and StatoilHydro was created for temporary usage only. The firm announced its intention to revert to the name "Statoil ASA", and this was approved by the Annual General Meeting in May 2009. The name was changed on 2 November 2009