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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
January 30, 2024
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
March 30, 2023
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
September 20, 2022
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
October 10, 2021
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.
September 29, 2020
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.
February 28, 2020
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.
June 14, 2019
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
June 25, 2018
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.
May 24, 2018
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
April 04, 2018