The chief of Norway’s Oil Find was fooled by hackers in a security test
When Nicolai Tangen took over as head of the Oil Fund, the security department hired some of the world’s best hackers to launch a targeted…
Oil fund
Norway’s Oil Fund lost 653 billion kroner in the first quarter of 2022
In 2022, the Government Pension Fund Global (the so-called “Oil Fund”) received a return of -4.9%. That corresponds to a loss of NOK 653 billion….
Norway’s Oil Fund: Not possible to divest investments in Russia at the moment
The Oil Fund is required to divest its holdings in Russia, but that is not possible at the moment, Norges Bank stated in a letter…
Norway’s Oil Fund believes that its investments in Russia could become almost worthless
The Oil Fund estimates that the value of its Russian investments has fallen from NOK 27.4 billion to NOK 2.5 billion. Now they believe that…
Norway’s Oil Fund earned 1,580 billion kroner last year
The Oil Fund earned a return on investment of NOK 1,580 billion (4.5%) in 2021, according to the figures presented by the Oil Fund at…
The new Norwegian government wants to spend 322.4 billion kroner from the Oil Fund
Prime Minister Jonas Gahr Støre (AP) wants to spend NOK 322.4 billion from the Oil Fund. That is exactly what the Solberg government proposed in…
Norway’s Oil Fund chief: The Oil Fund’s value will fall – turbulent times could last
There are turbulent times ahead in the global capital market, Norway’s Oil Fund chief Nicolai Tangen says. He believes it is inevitable for the fund…
Norway’s Oil Fund: Everything you need to know about the state-owned behemoth
How can a country of just over 5 million own 1.4% of global stocks and shares? Why does Norway have a savings fund that is…
Norway’s Oil Fund had a return of 990 billion kroner in the first half of 2021
The Oil Fund had a return of 9.4% in the first half of 2021. That corresponds to NOK 990 billion. Thus, the fund had a…
Norway’s Oil Fund makes a mistake – ends up earning half a billion kroner
Due to a human error, the Oil Fund bought more shares in a company than planned. But the price went up, and the error generated…
Norway’s Oil Fund will vote against billion-bonus to Wizz Air’s boss
The Oil Fund will vote against the proposed compensation package for the top manager of Wizz Air at the company’s general meeting next week. Earlier…
Today, the value of Norway’s Oil Fund surpassed 12,000 billion kroner
On Tuesday afternoon, Norway’s Oil Fund surpassed a market value of NOK 12,000 billion for the first time. The Oil Fund’s value has increased by…
Solberg wants to use 402.6 billion kroner from Norway’s Oil Fund this year
In the revised national budget for 2021, the Norwegian government proposes to spend NOK 402.6 billion from the Oil Fund. That is NOK 90 billion…
Norway’s Oil Fund invests billions in offshore wind farms in the Netherlands
The Oil Fund has bought half of a Dutch offshore wind farm for NOK 13.9 billion. This is the fund’s first investment in infrastructure for…
New expert group to assess the Oil Fund’s exposure to climate risk
The Norwegian government appointed a new group of experts to look at climate-related investment opportunities – and climate risk – for the Oil Fund. Former…
Norway’s Oil Fund registered a return of 1,070 billion kroner last year
Despite the pandemic and the uncertainty, the Oil Fund registered a return of 10.9% in 2020. Technology giants such as Apple and Amazon contributed a…
Norway’s Oil Fund chief issues warning: “Things don’t grow forever”
The returns from Norway’s Oil Fund won’t continue to grow forever, the fund’s chief Nicolai Tangen warns. “We have now had 25 years of good…
Norway’s Oil Fund received 412 billion kroner of returns in third quarter of 2020
After a decline of 3.4% in the first half of the year, the third quarter was better for Norway’s Oil Fund. The return was 4.3%,…
The Oil Fund has passed NOK 10,000 billion
The value of the oil fund has passed NOK 10,000 billion on the day 50 years after the Ekofisk discovery that started the Norwegian oil…
Norges Bank wants the oil fund to own more in the US
The Government Pension Global Fund (the oil fund) should invest more in American equities and less in European than it does today, Norges Bank believes….
