Norway

Sovereign wealth funds

Norway wealth fund has first underperformance in five years

The fund's market value has now ticked up to US$1.6 trillion

Oil & Gas

Rex International's subsidiary gets approval for oil and gas exploration in Norway

Rex International's subsidiary gets approval for oil and gas exploration in Norway

Environmental, Social and Governance

Norway wealth fund sets 2050 net-zero target for portfolio firms

Just 10% of companies in the wealth fund’s portfolio have a net-zero target for 2050

Environmental, Social and Governance

Billionaire Ambani’s Reliance buys REC Solar for US$771 Million

Reliance Industries Chairman Mukesh Ambani pledged in June to spend US$10 billion on green energy over three years
Singapore and Norway sign MOU to strengthen collaboration on digital and sustainable innovation - THE EDGE SINGAPORE

Singapore economy

Singapore and Norway sign MOU to strengthen collaboration on digital and sustainable innovation

The MOU will focus on priority sectors including the blue economy, sustainable urban solutions, and healthcare sciences.

Covid-19

After US$180 bil return, Norway fund makes no coronavirus bets

Norwegians marvelled as their piggy bank hit a 10 trillion-krone milestone exactly 50 years to the day after Norway discovered the oil that would fuel the country’s vast wealth.

Company in the news

Briefs

SINGAPORE (June 17): “We remain firmly committed to our growing traditional meat business and expect to be a market leader in alternative protein.” — Noel White, CEO of Tyson, a leading producer of meat.

VARD announces $840 mil contract win after delay in delisting EGM

SINGAPORE (June 25): VARD Holdings has secured a contract worth over NOK 5 billion ($840 million) to construct three coast guard vessels for Norway’s Norwegian Defence Materiel Agency (NDMA), an agency directly under the Royal Norwegian Ministry of Defe

VARD bags $66 mil contract to build trawler for Norwegian fishery

SINGAPORE (May 24): VARD Holdings has secured a new contract valued at NOK 400 million ($66.4 million) for the design and construction of one stern trawler for Nergård Havfiske AS, which is part of Norwegian fishery Nergård group.

Vard signs LOI to build two environmentally-friendly Viking cruise vessels for $750 mil

SINGAPORE (Apr 4): Vard Holdings has signed a letter of intent (LoI) to design and construct two environmentally-friendly cruise vessels for Viking, a Swiss cruise line which currently operates a fleet of more than 60 vessels, for a potential contract val
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