one of the world’s largest oil companies and the largest IT Company in the Faroes are in the final stages. Considerable savings for BP There will be considerable savings for BP as they modernise the co [...] several of the areas the Faroe company is already engaged in. Recently the Shetland News wrote that the SheFar-cable could possibly form the basis for cooperation between Føroya Tele and BP. The paper wrote [...] platforms west of Shetland ashore is not a new idea. The demand for a permanent link ashore has been around for many years and a dialogue has been on-going on how to link oil platforms to the mainland. Already

just look at part of these incomes. An overview compiled by Jarðfeingi shows that during the period from 2000 to the awarding of the first exploration licenses and upto 2006, some of the oil revenues had [...] -“Sindri is of a special nature, which possibly can be compared to the work done by the oil companies in connection with the Faroe area. Expenditure of that work is not calculated as an income for the Faroe [...] and during the years 2003 – 2006 between 7 and 9 million. On top of this are duties from the sale of seismic licenses issued to Western Geophysical from 1994-95 gave app. 15 million kroner. The largest amounts

active in the exploration for oil and gas on the Faroese Shelf. Sosialurin, founded in 1927, is the biggest newspaper in the Faroe Islands. Sosialurin has focused on the Oil and Gas industry for the last 30 [...] area on the back of the UK Schiehallion and Foinaven discoveries, and following the boundary agreement between the UK and the Faroese in 1999 the industry embarked on exploring the Faroese shelf with no less [...] 30 years and is therefore the leading distributor of oil and gas related information in the Faroes. Our focus has primarily been on the Atlantic Margin. In the course of covering developments, we have

Which country shall receive the tax revenue? The country where the pension receiving person lives or the country in where the pension fund is located? This is just one of the many questions which must be [...] systems in two countries, the chain has simply come off the bike. This is the situation the international oil companies have been facing, if they intended to operate in the Faroes. The taxation system has been [...] Magni Laksafoss, the government minister for fiscal affairs and the UK tax minister, Mrs. Dawn Primarolo signed a new dual taxation agreement, which will come into force on the 1st of January 2008, after it

Furthermore, the company would get access to the industry and to more opportunities. The early development of the Company should be based on the activities on the Faroese Continental Shelf. The shareholder [...] focus for business integration and development in the Faroe Islands, and benefits to the community as a whole. The key components of the vision are: Be active in exploration and production on the Faroese [...] was listed on OMX in Iceland, and in October 2006 on OMX in Copenhagen. Phase Three The third phase will be built on the shoulders of the previous and new building blocks will be added. The main building

Djurholm, Minister for oil and energ ------------------- During the debate of the PM’s speech, which he held to the nation on the national holiday the 29th of July, the Minister for hydrocarbon affairs [...] yet to say anything about the interest for this third round, but based upon the activity level, which has been agreed for the Faroe area and the drillings on the UK side of the border, we estimate there [...] Iceland to determine the feasibility of laying a power cable from Iceland to the Faroes, and then there is the project looking at the possibility of converting wave-power into a source of electricity. Later

succesful micro state. The choice of sovereignty is, of course, not one for all very small societies. But the experience of sovereignty for so many micro-states in the years of independence should inspire confidence [...] í 99: “In contrast to Iceland the story of Newfoundland has been one of tragic disappointment, a cronic case of psychological and material dependence. Icelanders to the last explain their survival, indeed [...] dangerous waters. Iceland is the story which, perhaps more than any other, confounds the calculations of chronic disadvantage in very small and remote states. While not alone, it is the quintessential succesful

aftur. Vit elska teg. Heilsan Turið, Nora Maria, Vár, Sissal og Hanna I'm sorry for all the words I'm sorry for all the words I didn't say It's too late – cause now you've gone so far away I feel like [...] nothing left but shattered dreams So lonely – I'm holding on to memories But then I feel your love surrounding me And it takes away the pain inside of me I believe we'll be together. We may be so far apart [...] you'll always stay inside my heart Your spirit gives me hope to carry on I understand that even though you're gone. Life goes on, life goes on without you. Another day – Another time and place Somewhere, someway

well (213/27-1Z) in the Faroe-Shetland Channel. The well, located in 1,100m of water and completed on August 30th 2004, encountered two oil and gas accumulations for a total net pay of 52 meters with oil [...] encountered in the shallower reservoir. The well, which was not tested, has been plugged and abandoned at a total depth of 3,607 meters. Further drilling will be carried out to fully appraise the find."

have seen them in the glorious sunshine. The locals are really friendly and the place is just so chilled out, skrivar ein fjeppari, sum fleiri taka undir við. – I've always been careful of superlatives, it's [...] Føroyar fremst. – Certainly one of my best trips, probably equal top in fact. The Faroe Islands are completely stunning and take your breath away at times, certainly the most beautiful place I have visited [...] Can't wait to draw them for the 2010 qualifiers, sigur ein fjeppari, sum altso vónar, at Føroyar og Skotland koma í bólk aftur til næstu undankapping. Hetta eru tað onnur úr the Tartan Army, sum eisini