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Norway Government Forces Sovereign Wealth Fund To Buy $100 Billion More In Stocks “To Safeguard The Country’s Riches”

As we reported late last year, the Norwegian government ordered its Sovereign Wealth Fund to increase its equity allocation to 70% to try and paper over what’s expected to be a 70 billion kroner ($11.1 billion) drawdown – the first in the fund’s history. That money was needed to plug a budget hole created by […]


Norway Removes Greenpeace Ship From Statoil Arctic Drill Site

Authored by Zainab Calcuttawala via OilPrice.com, Norway’s coast guard has removed Greenpeace protestors from a safety zone near Statoil drilling operations in the Korpfjell field of the Barents Sea, according to a new report in the Maritime Executive. The protestors used kayaks to infiltrate a 500-meter exclusion zone around the Songa Enabler on Thursday in […]