this time to try to avoid any more boom to burst scenarios. Companies have expanded their horizons and diversified so their fortunes are far less dependent on the daily fluctuation of the oil price and [...] industry than ever before as efforts were intensified to try to safeguard the long term future of the industry. The North Sea oil industry continues to flourish and the North-east economy is buoyant. There [...] mainland suffer because all the available hotel rooms are filled by oil personnel. Will significant numbers of oil industry workers choose to make their homes in the Faroe Islands and push up the prices in the

reversed by oil.« One of the important reasons for creating the oil reserves was to ensure money was available to help the islands cope with the eventual closure of the oil terminal - now projected to happen [...] had been forced to leave to find work, to come back to the islands. And that reversed the trend which had seen the Orkney population decline over the first 70 years of the 20th century.« To date, more than [...] it is difficult to envisage the excitement of residents - particularly those living on the tiny island of Flotta - when news broke that Orkney was to benefit from a massive oil boom. To taste a flavour

in the Faroe Islands and its real head office has to be located in the Faroe Islands. Lastly, the crew in question has to be subject to tax liability to the Faroe Islands. A.2. Taxation on crew Wages covered [...] is tax liable according to the Hydrocarbon Tax Act; or in addition subject to the ordinary tax legislation. B1 Tax liability subject to both the Hydrocarbon Tax Act and subject to the ordinary tax legislation [...] liability to the Faroe Islands. B2. Tax liability subject to the Hydrocarbon Act only. B2.a. Wage Earners. If the wage earner is tax liable subject to the Hydrocarbon Tax Act only, he has to pay a definitive

returned to the province by buying half of Shell?s 4.357% interest in the Elgin/Franklin fields. The number of niche players are likely to increase as the UK Government attempts to encourage oil companies [...] companies not to ?sit on? undeveloped fields but to release them to other players who will want to go ahead with developing them. At Offshore Europe in Aberdeen in September the industry also discussed new types [...] prompted the company to formally announce half-yearly accounts for the first time although it did nothing to dampen speculation that Wood Group will seek to float on the stock market to fund the next phase

with much reduced payments to the SIC in the light of declining North Sea oil expectations. However, due to improve oil recovery techniques and the development of oil fields to the West of Shetland, the [...] mounting to what extent the islands? massive oil terminal at Sullom Voe will be able to handle oil extracted from Faroese wells. A simple look at a map of the North East Atlantic reveals how close the [...] Shetlends?s Oil Experience Hans J. Marter Shetland is ready for the Faroese oil industry to take off and is confident that both island groups will benefit hugely once oil is discovered in the Faroese sector

Sangurin: "Cause cheap is how I feel" vísir, at tey hava talent fyri at skriva góðar tekstir. Eitt brot er : "Half moon in the sky tonight, bright enough to come up with an answer to the question why is it [...] But your memory leaves my stomach churning, feeling like a lie about to be revealed, but I'll horde all this to myself cause cheap is how I feel". Michael Timmins skrivar næstan allar tekstirnar, men onkuntíð [...] day when someone would make you feel this way. 'Cause you knew they would cut right through you and once inside, you were afraid they'd find nothing to hold on to". Cowboy junkies hava noktað at tilpassa

sku røtur. Serliga tá teir spældu sangin How far to Asgaard mundi lítil ivi vera um, at tey livdu við í Valhøll, verður skrivað á heimasíðuni hjá Melody Maker Týr spældi tríggjar sangir í finaluni. Teir [...] ppingini Melody Maker varð hildin í Keypmannhavn hetta kvøldið. Týr var kosin besti bólkurin í kappingini, og eisini áhoyrararnir valdu Týr til besta bólkin hetta kvøldið. Melody Maker Contest er ein opin [...] løgdu fyri við Sand in the Wind, síðani var tað Ormurin Langi, og teir endaðu framførsluna við How far to Asgaard, sum er heitislagið á fløguni hjá teimum, sum júst er komin út. Umframt besta bólk, valdu

of the Atlantic to the North Sea, the story of oil has also been slow to unfold, though the potential of Eastern Canada is said to be considerable. And, in Greenland, there is nothing to show for efforts [...] subsea production facilities tied back to the nearby Snadd and Grasel fields and produce to an FPSO. BP estimates Skarv reserves to be some 110million barrels of oil and 67billion cu.m of gas. It is still [...] CRESSWELL One word sums up the hunt for oil and gas on the Eastern Atlantic Frontier ? from Portugal to Lofoten off Norway ? slow. There are few commercial discoveries to show for the enormous effort made,

bit. But, temptation to explore offshore Faeroes is expected to be put in front of oil companies at this year?s Faeroes Oil and Gas show where details of a new round are expected to be released, said local [...] need to do. We will be drilling in 2004 and are currently struggling to find the right place to drill.? Offshore Faeroes still looks like a good exploration play, with oil companies still prepared to pump [...] of giving jaded oil executives emotional highs and lows. Today, despite high oil prices, companies are reluctant to splash out millions of dollars on risky exploration plays preferring to blame volatile

selected, oil companies nominated blocks to be included. The nomination took place in 1996 and a few oil companies showed interest in the Faroe Bank Channel area. Although that interest seems to be much [...] appears to be attractive to the industry. The Hatton-Rockall area In the longer term some deep water areas to the southwest are likely candidates for future Faroese licensing rounds. This is to some extent [...] of geology. Geology and proximity to the West of Shetland oil fields have dictated the location of the first exploration wells on Faroese territory. In opposition to many other coastal states the future