il ▁expects ▁oil ▁demand ▁to ▁peak ▁in ▁the ▁ 2 0 2 0 s , ▁and ▁contin ually ▁decl ine ▁there after ▁due ▁to ▁electric ▁transport ation . ▁ ▁Despite ▁finding ▁no ▁oil ▁at ▁its ▁large ▁expl oration ▁prospect ▁in ▁the ▁Ar ctic ▁in ▁ 2 0 1 7 , ▁Stato il ▁announced ▁in ▁October ▁ 2 0 1 7 ▁that ▁the ▁company ▁would ▁not ▁give ▁up ▁expl oring ▁the ▁Ar ctic . ▁ ▁In ▁October ▁ 2 0 1 7 , ▁Stato il ▁commission ed ▁the ▁ 3 0 - MW ▁H yw ind ▁Scotland ▁floating ▁wind ▁farm ▁ ▁off ▁Peter head , ▁Scotland . ▁ ▁In ▁March ▁ 2 0 1 8 , ▁Stato il ▁acquired ▁a ▁ 5 0 % ▁st ake ▁in ▁the ▁Polish ▁B ał ty k ▁Ś rod kow y ▁III ▁and ▁B ał ty k ▁Ś rod kow y ▁II ▁( Middle ▁Balt ic ▁II / III ) ▁off sh ore ▁wind ▁far ms . ▁ ▁On ▁ 1 5 ▁March ▁ 2 0 1 8 , ▁Stato il ▁announced ▁that ▁it ▁would ▁change ▁its ▁name ▁to ▁Equ in or ▁following ▁appro val ▁by ▁the ▁annual ▁general ▁meeting . ▁ ▁Fin ances ▁ ▁For ▁the ▁fis cal ▁year ▁ 2 0 1 8 , ▁Equ in or ▁reported ▁ear nings ▁of ▁US $ 7 . 5 3 5 ▁billion , ▁with ▁an ▁annual ▁re venue ▁of ▁US $ 7 9 . 5 9 3 ▁billion , ▁an ▁increase ▁of ▁ 3 0 . 1 % ▁over