▁former ▁Minister ▁of ▁Pet role um ▁and ▁Energy ▁Mar it ▁Arn stad ▁served ▁as ▁chair person ▁until ▁ 1 ▁April ▁ 2 0 0 8 , ▁when ▁S ve in ▁R enn emo ▁took ▁up ▁the ▁post ▁on ▁a ▁permanent ▁basis ▁after ▁res ign ing ▁as ▁the ▁CE O ▁of ▁the ▁Norwegian ▁oil ▁services ▁company ▁Pet role um ▁Ge o - Services ▁( P GS ). ▁ ▁To ▁reflect ▁a ▁mer ger ▁of ▁the ▁two ▁companies ▁and ▁with ▁regards ▁of ▁the ▁minor ▁partner , ▁H ydro , ▁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 ▁mer ger , ▁and ▁Stato il H ydro ▁was ▁created ▁for ▁temporary ▁usage ▁only . ▁The ▁firm ▁announced ▁its ▁intention ▁to ▁revert ▁to ▁the ▁name ▁Stato il ▁AS A , ▁and ▁this ▁was ▁approved ▁by ▁the ▁Ann ual ▁General ▁Me eting ▁in ▁May ▁ 2 0 0 9 . ▁The ▁name ▁was ▁changed ▁on ▁ 2 ▁November ▁ 2 0 0 9 ▁ ▁The ▁Norwegian ▁state ' s ▁share ▁of ▁the ▁company ▁after ▁the ▁merge ▁was ▁initially ▁ 6 2 . 5 %. ▁As ▁a ▁parliament ary ▁decision ▁in ▁ 2 0 0 1 ▁said ▁it ▁was ▁a ▁goal ▁that ▁the ▁government ▁should ▁own ▁ 6 7 % ▁of ▁Stato il , ▁it ▁was ▁announced ▁that ▁the ▁Norwegian ▁government ▁intended ▁to ▁increase ▁its ▁share . ▁In ▁ 2 0 0 9 , ▁it ▁was ▁announced ▁that ▁the ▁Norwegian ▁government