company is expected to float on the London Stock Exchange early next year in a bid to raise £10-20million to finance its participation in the great, slow-pace Faroese oil race. ?We?re ready to go ? waiting for [...] Commission in 1993, provides a clue as to how events were being watched at the time. Referring to the decision by Copenhagen in 1992 to cede mineral resources rights to the Faroese Home Rule government, Olafsson [...] . the decision by Denmark to surrender all rights to ?minerals in the subsoil? to Faroese control, and therefore the right to determine the course of the possible future oil and gas extraction industry

aware of oil companies electing to allocate activities abroad, which could have been performed here, directly due to the unclear tax situation”, says the minister, and he adds: -“Foreign oil companies [...] is the situation the international oil companies have been facing, if they intended to operate in the Faroes. The taxation system has been quite unclear and for many oil companies based in London, this unclear [...] pleased with this new agreement, which he hopes will increase the interest of foreign oil companies to work here: -“The oil industry has for a long time been requesting clear-cut rules on tax issues. Therefore

and Clinton. Moreover, the man who has finally chosen to come to the Faroes must be equipped with an innate stubbornness, which makes him impossible to defeat. When he had wandered astray and the Lewinsky [...] setback of a magnitude hard to grasp on our latitudes where the social safety net is supposed to catch everyone and ensure that we all get the same opportunities in life. This is not how the American system works [...] Of course we are all very excited to hear what a man, who has had the ultimate responsibility for the world’s most important and most difficult decisions, has to say to the people of the Faroe Islands.

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,

so if we are to continue to work in the Faroes, it will be necessary to resolve the “basalt problem”. The great challenge with basalt can be divided into two separate parts. The first is to “see” properly [...] big way? -“As a partner to the realm, we are hearing much about Greenland and the oil there. Various geological institutions have estimated that substantial quantities of oil are to be found in Greenland [...] not walking in small shoes when it comes to oil exploration in the Faroes. Even if the company has been the operating company for two dry wells, they are prepared to spend D.kr. 300 million on seismic surveys

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

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

workers arrive here eager to start work, eager to meet new people and to experience a new culture. Just as when we travel abroad, just as when we let our children go to other countries to work, educate themselves [...] world. In conclusion, I would like to welcome foreigners to the Faroe Islands and I will ask the politicians to solve any issues associated with foreign workers coming here to work. Issues such as Samtak have [...] addressed directly to the foreigners, who have received a job offer in the Faroe Islands, and who are coming here in good faith. In my opinion the ad is repulsive. In the text, you try to make it sound like

gigantic oil discoveries, generally known as elephants, in recent years. But not everyone has given up hunting. In fact, the capture of a new elephant or two is precisely where the Norwegian oil company [...] Mackenzie has declared that a discovery in 013/014 will be a “company maker”. Sagex will be involved in a business opportunity to participate in the planned West of Shetland/ Faroes gas hub infrastructure [...] licence operated by DONG and due to be drilled next year. North Africa – a second focus area Sagex has been successful in establishing the first ever Libyan private oil and gas exploration and production

dollar to spend. On the island of Samos, within sight of the Turkish coast, we stayed with a lovely pair of English teachers who treated us to the only bed in the apartment and an eagerness to talk politics [...] was my duty to defend our leader. We may have been wrong as we cast our votes, but we were not that wrong. In these circum­stances Ben only has to explain where the Faroes are located; I have to try and explain [...] en route to the Faroe Islands where we will start life together in Klaksvik. After a week of marriage, we left my home in rural America, a place of big highways, big sky and a big family, to travel across