hydrocarbons in the Faroes area were found on land and comprise coal deposits, organic waxes found in basalt, and inconclusive traces of oil mixed with water in the Lopra-1 experimental well drilled in the early [...] (6005/15-1) was drilled this summer in licence area 003, 130km southeast of Faroes to a total depth of 4000m, terminating in Paleocene sediments. Rolf Magne Larsen, who is in charge of the Norwegian company [...] commercial oil. However, identifying traces of hydrocarbons in the first well must be considered encouraging for future work in the area.? Stakeholders in the Longan well are operator Statoil (35%); Phillips

Faroese waters. In order to be covered by FAS it is also necessary that the ship owner in question is a resident in the Faroe Islands. If the ship owner is a company it has to be registered in the Faroe Islands [...] modern society has to offer. Income tax is paid with the presumption that it has been assessed and collected in accordance with rules that are applicable to all Faroese citizens. In recent years an increasing [...] be deducted in Section 4 income. Tax has to be paid in three equal installments on 1 October, 1 November, and 1 December of the following year. B »Derivative Income« This type of income is in short, all

local authorities in the UK can?t afford, like ? a network of welfare centres, which are effectively old folk homes, built in Shetland?s more remote areas to allow vulnerable people to stay in the community; [...] Faroese oil industry to take off and is confident that both island groups will benefit hugely once oil is discovered in the Faroese sector. Already speculations are mounting to what extent the islands? massive [...] offshore activity.« »There is more emphasis now on these areas, especially with the turmoil in the Middle East. The Shetland and the Faroese area is becoming more important« Morgan Goodlad, chief executive

stipulation has meant that the oil companies and their contractors have to turn their focus towards a new market to find out what that particular market has to offer. This stipulation also commits the [...] were on the agenda. In addition the Ministry of Petroleum will meet with the oil companies and representatives from the Faroese industry to discuss the issue of local participation in connection with the [...] established that our subsoil holds hydrocarbon accumulations in significant volumes and that poses a new challenge for the authorities, the oil companies and the local industry. The large quantities of data which

are in the Estremadura/South Peniche area, six in Alentejo/Sagres, and four in the Algarve Basin. Geologically, the acreage lies in an area that is considered similar to those oil-producing areas of West [...] Aljubarrota prospect in 2000 and again in 2001. The adventure proved a commercial failure and resulted in Desire backing away. In its 2001 annual report, Desire said prospects identified in the Lusitania Basin [...] interval of approximately 170m in Palaeocene sediments. Located in 950m of water, close to the UK/Faroe boundary in the White Zone, the well was drilled to a total depth of 4275m in a deepening operation, after

likely to be a mopping up exercise mature areas not taken up in the previous 20th round and a batch of assets in the gas prone southern North Sea basin. Acreage in the West of Shetlands and east of the Faeroes [...] included in a single round at a later date, said a government oil and gas official. ?We included acreage close to the Faeroes in the 19th licence round. We need to do more environmental work in the area before [...] better than at any previous point in the history of the North Sea industry. It is particularly important that we should find ways of working together in the median areas around the territorial borders.?

opportunities in the area, including licence bids. It will be interesting to see whether pragmatism prevails and other, easier pickings are pursued, perhaps in the North Sea itself. Offshore Ireland is in many [...] exploration companies such as Shell who operate here,? said a Sinn Fein deputy Martin Ferris. ?Almost uniquely in the world, this Government has no stake in any oil or gas find, and the companies pay no royalties [...] offshore Ireland on the Sarsfield prospect in the Porcupine Basin in 2001. But it was a duster. Prior to that, in the late 1990's, the company participated in the Connemara field appraisal programme. It

herbs are growing in the Faroes and the nature is so wise [] most problems, people develope at that particular area, will be possible to cure by just turning to the nature, turning to what available; just [...] órógvandi trásettur av eini bók kallað What Would Jesus Eat? "Oh, it?s the best way to lose weight", segði hon blaðmanninum frá. "You should try it. It?s simple. You eat what Jesus ate, and the Holy Spirit works [...] tað veit eg ikki. Men hetta er so tað, hon sigur: "I was looking forward to come to the Faroes and offer my help to people who like to have help like that". Frálíkt, í sjálvum sær, men "that" merkir "alternativur

towards the oil companies, says Mr Rasmussen. He says that in the Faroes we have strived to meet international demands. In Norway however, they impose their own demands for vessels working in the Norwegian [...] the CEO for Supply Service. In this connection he adds that the vessels currently being built by Supply Service meet all the latest demands, are in excess in this respect of what is required for our waters [...] next year and in 2009. These are so-called PSV vessels, or Platform Supply Vessels. – Competition is fierce in the oil industry and it takes some doing to gain a foothold. Our operational area is especially

if we want to stay competitive. The burning question is: What role can a little nation like the Faroe Islands play in a globalised world? In my view information, communication and technology are creating [...] Originality But what contribution can the Faroe Islands make? In my view, it seems that remote places like the Faroes are becoming more and more interesting to more and more people. I believe that in a world of [...] ly.« This is – in my view – a beautiful poetic description of The Faroes. And let’s stay in the poetic corner. Danish author and jazz singer Suzanne Brøgger, who visited the islands in March this year