Investors Mount Attack on Norway in $20 Billion Oil, Gas Row

Allianz SE (ALV), Abu Dhabi’s wealth fund and firms including Statoil ASA (STL) have mounted a multi-pronged battle against Norway to defend revenue and oil- and gas-industry projects valued at $20 billion.

Norway finds diversification easier said than done

Spare a thought for the incoming Conservative-led coalition government in Norway. The likely next Norwegian prime minister, Erna Solberg, has a problem every other leader would like to face: how to supervise a massive sovereign fund that already has assets of more than 150% of the country’s gross domestic product, and is destined to get even bigger in coming years.