Abbot completed the acquisition of Deutag of Germany for £134 million, with the combined group becoming one of the largest land drilling operations outside of North America and one of the world leaders in [...] dispose of the interests as a condition of receiving regulatory approval from the European Commission for its global merger with ARCO. The move followed a corporate review by Tullow, listed on both the UK and [...] facing the prospect of being bought particularly by American players. Sir Ian Wood, chairman and chief executive of the John Wood Group, has continued the remarkable programme of growth of the private
taxation on crew?s wages. The objective of the FAS arrangement is that the shipping companies get refunded a part of the wages paid to their employees. The objective of the special rules for taxation on crew [...] to the rules applying to the Faroese International Register of Ships (FAS) that came into force in the beginning of the 90?ies and the rules of taxation on crew?s wages that came into force in the second [...] a) revenue on the first sale of exploited hydrocarbons; b) revenue fixed as a share of the exploited hydrocarbons or the value thereof; c) gains or losses on direct or indirect assignment of a license,
143,208. Up to the end of October the total number of operations was 5,033 again for last year. This represents an increase of 21.1% for the period. Overall a large proportion of increase in operations [...] approach« runway with the ICAO-code mark »3«. Up to the end of October 139,717 people travelled through the airport, increase of 11.0% compared to the same period last year when the passenger total was 143 [...] Vagar Airport, the airport in the Faroes, is located on the island of Vágoy. Regular bus and ferry connections are linked to scheduled arrival and departure flights. The trip to Tórshavn takes 1 hour and
many of the benefits of oil developments without many of the less acceptable aspects.« »One of the big advantages here was the creation of the terminal on Flotta, a small island well away from the main [...] orange glow for the past 25 years - a sight as familiar to residents as the stars that fill the clear skies above the islands. Islanders treasure the winter spectacle of the aurora borealis. But the source [...] make way for the terminal. I heard the story of those remarkable days from farmer Danny Barnett, one of the islanders who gladly sold land for inflated prices. »We couldn't see much of a future for small
because of the oil industry and the challenge for the Faroes, if oil is discovered in its waters, will be to capitalise on the opportunity yet retain the unique charm of the islands. Aberdeen and the North-east [...] dependent on the daily fluctuation of the oil price and the Faroes Islands must carefully balance the huge opportunity which the industry can bring with the retention of the islanders? core values and the very [...] arrival of the industry in Aberdeen and Shetland are appearing in the Faroes. At times when the ?vacancies? signs might be expected to be on display Faroese hotels are full of oilmen carried there on the in
in turn means that the airguns have to be both deeper in the water, and four or five times the normal size used for exploration. As a result, the equipment required for this type of survey is far from [...] provide additional information on deep geology, and the streamer towed in the experiment was 12 km long - twice the length normally used for exploration. Detailed analysis of the BLAST data is still in progress [...] according to plan, the new source will be available for further surveys by the middle of next year. So, the next time you are disturbed by loud music from noisy neighbours, you might like to think of BLAST, and
references to the period in the 1993 Report of the Faroese Hydrocarbon Planning Commission to the Faroese Government. However, Arni Olafsson, for many years special adviser on Faroe Islands Affairs at the Danish [...] state that the drilling operation did not yield the expected result. The Svinoy exploration well penetrated the objective targets and demonstrated the presence of both oil and gas, although of non-commercial [...] speculation for several days that the big semi-submersible Sovereign Explorer was on to something good. The bets were on gas with condensate or gas with oil. In the event, Minister Elttur announced the good news
develop human resources both on the Faroe Islands and at DONG. »One of the main aims of our activities is to support the development of competence within the oil industry on the Faroe Islands,« says Jan Terje [...] knowledge and the exchange of knowledge. That is at any rate the view held by the Danish company DONG, which, as a member of The Faroes Partnership, is participating in the drilling of the third exploratory [...] exploratory well on the island of Suderø, financed by a number of international oil companies. The purpose of the well was to provide information about the Faroese subsoil and extend the knowledge already
develop human resources both on the Faroe Islands and at DONG. »One of the main aims of our activities is to support the development of competence within the oil industry on the Faroe Islands,« says Jan Terje [...] knowledge and the exchange of knowledge. That is at any rate the view held by the Danish company DONG, which, as a member of The Faroes Partnership, is participating in the drilling of the third exploratory [...] exploratory well on the island of Suderø, financed by a number of international oil companies. The purpose of the well was to provide information about the Faroese subsoil and extend the knowledge already
in Torshavn, to compare the effects on Norway and Newfoundland. In Norway, the contribution of the petroleum industry to the national gross domestic product (GDP), after decades of activity, recently peaked [...] tenth of the size, and in GDP terms even smaller. Accordingly, a relatively small scale of activity has had a large relative effect on Newfoundland. In the Faroes, with less than one-tenth of the population [...] are now undertaking work for oil industry clients in such places as the Gulf of Mexico, California and Russia. Symptomatic of this, Newfoundland is the home of CHC Helicopters, the world?s largest helicopter
