The Local Sweden

Swedish firm to look for fresh oil in the Arctic

Wed, 04 Feb 2015 15:42:00 +0100

A Swedish oil and gas firm is hoping to strike black gold in the Arctic, as the industry battles dwindling revenues.

Sweden's Lundin in new oil find near Norway

Tue, 09 Apr 2013 09:05:00 +0200

Swedish oil firm Lundin Petroleum said Monday it had made a potentially significant oil find off Norway, near another discovery that renewed explorers' interest in the North Sea.

Lundin reports high earnings after oil find

Wed, 31 Oct 2012 18:40:00 +0100

Swedish oil company Lundin Petroleum reported better than expected earnings on Wednesday following the news that one of its subsidiaries, Africa Oil, had struck oil in Kenya.

Lundin stakes sold over rights probe rejection

Thu, 31 May 2012 12:06:00 +0200

Swedish insurance giant Folksam as well as the Handels trade union are dumping their shares in Lundin Petroleum over the oil company's refusal to agree to an independent probe of suspected human rights violations committed in connection with its operations in Sudan and Ethiopia.

'Trust us or sell your shares': Lundin CEO

Thu, 03 May 2012 18:26:00 +0200

The CEO of Sweden-based Lundin Petroluem rejected calls for an independent probe into the company's activities in Africa, telling owners to "sell your shares" if they don't trust Lundin's actions.

Lundin: war crimes allegations 'unfounded'

Sun, 18 Mar 2012 10:25:00 +0100

Ian and Lukas Lundin have rejected accusations that the Lundin Group consists of "opportunistic, dictator-hugging businessmen", arguing that allegations of human rights abuses are "unfounded, unfair and in some cases, absurd".

Swedish ministers profit from Lundin: report

Tue, 13 Mar 2012 09:05:00 +0100

Over half of Sweden’s government ministers have shares in investment funds that put money into Sweden-based oil giant Lundin Petroleum, a new report has revealed, prompting quick action by ministers who claimed they were "unaware" of the finer details of their portfolios.

Jailed Swedish reporters will not appeal verdict

Tue, 10 Jan 2012 17:07:00 +0100

Two Swedish reporters, sentenced to prison by an Ethiopian court in December, have chosen not to appeal their guilty verdict and instead pin their hopes of being released on the country's "tradition of pardon".

Swedish journos jailed for 11 years in Ethiopia

Tue, 27 Dec 2011 09:28:00 +0100

An Ethiopian court on Tuesday sentenced two Swedish journalists to 11 years in jail for supporting terrorism and entering the country illegally.

'Lundin may have led Bildt to the heart of darkness'

Thu, 22 Dec 2011 15:52:00 +0100

After two Swedish journalists claiming they were investigating the presence of the Lundin Group in Ethiopia were found guilty of terror crimes on Wednesday, Swedish investigative journalist Leo Lagercrantz takes a closer look at the Swedish company and foreign minister Carl Bildt's involvement with it.

Swedes convicted of terror crimes in Ethiopia

Wed, 21 Dec 2011 10:09:00 +0100

Swedish journalists Martin Schibbye and Johan Persson were found guilty of terror crimes by an Ethiopian court on Wednesday.

Court amends charges against jailed Swedes

Thu, 03 Nov 2011 14:05:00 +0100

The charges against the two jailed Swedish journalists in Ethiopia will be changed from participating in terrorism to just supporting terrorism, the Ethiopian court announced on Thursday.

Swedish journalists deny backing rebel group

Tue, 01 Nov 2011 13:50:00 +0100

Two Swedish journalists charged with terrorism in Ethiopia rejected witness claims Tuesday that they had supported a rebel group, as the prosecution opened its case against them.

Swedes plead 'not guilty' to terror crimes

Thu, 20 Oct 2011 13:15:00 +0200

The two Swedish reporters facing terrorism charges in Ethiopia pleaded not guilty when the trial resumed on Thursday, but apologised for having entered the country illegally.

Bildt slams paper over 'amateur' reporting

Mon, 17 Oct 2011 13:26:00 +0200

With the trial of two Swedish journalists on terror charges set to open in Ethiopia on Tuesday, foreign minister Carl Bildt hit back at the Dagens Nyheter (DN) newspaper over what he called faulty reporting on his alleged interests in the case.

Journalists 'probing Lundin Oil': report

Tue, 13 Sep 2011 14:57:00 +0200

The two Swedish reporters jailed in Ethiopia were in the country investigating Lundin Petroleum, a Swedish oil and mining company, at the time of their arrest, according to reports in the Swedish media.

Lundin Petroleum up after Norway oil find

Fri, 17 Sep 2010 12:04:00 +0200

Swedish oil firm Lundin Petroleum climbed fast on the Stockholm stock exchange on Friday morning after announcing a "significant" find in the Norwegian North Sea.

Lundin Petroleum reports booming profits

Wed, 04 Aug 2010 11:32:00 +0200

Swedish oil production and exploration firm Lundin Petroleum has reported a profit before tax of $79 million ($30.9 million) for the second quarter, meeting analyst expectations.

Prosecutor to investigate oil firm accusations

Fri, 11 Jun 2010 09:11:00 +0200

A Swedish prosecutor has indicated that there will be an investigation into claims made in a report that Swedish company Lundin Oil was involved in war crimes in Sudan during the time that Foreign Minister Carl Bildt sat on the board.

Swedish oil company accused of war crimes

Tue, 08 Jun 2010 12:56:00 +0200

Swedish oil company Lundin Petroleum and the consortium it belonged to in the Sudan were involved in war crimes and crimes against humanity, according to a new report. The company has denied the accusations.