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

since oil exploration efforts begun seven years ago It pays to explore for oil. This is absolutely clear if you look at the income made by the Faroe society, linked to oil exploration in one way or another [...] which is a fund established by oil companies in the year 2000, and which objective is to support scientific research within the oil industry, included in the overview. It has to be said that several of these [...] therefore it is difficult to evaluate how large a part of the money flows through the Faroe economy. -“Sindri is of a special nature, which possibly can be compared to the work done by the oil companies in connection

linking of oil 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 [...] that it may become a reality to link future oil producing fields by the Faroe border to this cable or more appropriately to the other producing oilfields already connected to the SheFar-cable. There is, [...] the operating company and the land-based head office. To date BP has been forced to send all data and send IT specialists to the production site to deal with the many issues. This situation requires both

and we will make no progress, says Mr Rasmussen. – Instead we should make it interesting for the oil companies, by having a legislation which is flexible to administer, and make it easy to operate in the [...] through them we have access to a large amount of knowledge in this field, and this is a great advantage. If we are to establish ourselves in an oil industry, we have to attain the same competence levels as our [...] any case we ought to impose very stringent demands regarding what equipment is permitted into Faroe waters to operate. – We ought to do as the Norwegian do and set demands towards the oil companies so they

the oil found on our CS is of sufficiently good quality to extract, says Eli, who does not think that the oil should be extracted and taken to the Faroes. It does not make sense to transport the oil to [...] an opportunity for me to meet Oil Companies that may wish to come to Faroe Island to drill and, of course, also those who work at a short distance from the Faroese/UK border. If Oil Company works on the [...] would be much too expensive to make a terminal and lay new pipelines to our islands. In Shetland, we find an oil terminal with all the equipment necessary; we can, sell the oil to them and take the proceeds

need to embrace change to whatever extent necessary. The ability to cooperate effectively and develop strong networks is becoming more important. And still it is crucial for us to hold on strongly to our [...] this as an opportunity. To stay competitive, we have to be inventive and learn how to develop new concepts and fresh thinking. And when setting our goals and objectives, we have to be strategic and think [...] is created here. Actually, I was invited to the island Antigua to sit under a palm tree, but I preferred to visit the Faroe Islands – maybe because it seems to suit my temperament more.« Bad Weather Has

course, have to have effective strategies. This is a very small country and our budgets are equally small – so we must know how to get attention in a way that is not too costly. We have to rely heavily [...] for a travel industry as such, so we need to make people in the Faroes more aware of the fact that they can earn a living from tourism. SamVit has set out to improve this and many other things that affect [...] Until recently, you were unlikely to find any material about the Faroes at your local travel agency. Today the Faroes, like everything else, are just a click away. But to make people in the outside world aware

was the then American Foreign Secretary of State Mrs Madeleine Albright. The very first woman to be elected to such a high office in the history of America – today Ms Condolisa Rice holds this office. Mrs [...] course exciting in its own right if a woman was to become the very first President in the world’s strongest superpower. Even more interesting however, is how the »cocktail« Angela Merkel – Hillary R. Clinton [...] Clinton will impact the global situation. To see if a lower level of testosterone on the power pinnacles of the world will improve the opportunity to strike a better balance in decreasing tensions between

and a study is underway to investigate the practicality of using the constant rhythm of the waves to generate power. To capitalize on this growing interest in the Faroes and to foster accelerated collaboration [...] back to the Faroes in the not too distant future to relax a bit in this most peaceful and enterprising corner of the planet and to seek out a quiet cup of coffee with a newfound friend or two to catch [...] wife, as they graciously listened to my endless tales of growing up on a Colorado ranch. The talk, however, thankfully soon turned to wool, the Faroese gold of old, and how it could and should be better exploited

the cashier started to talk to me, asking how I was doing. I had never seen this person before and stammered something about how I was tired, to which she replied that I should try some guarana because [...] the way to school, we stopped at a Wal-Mart, a gigantic get-everything-you-can-dream-of kind of store to pick up a comforter, pillow and other necessities to get by our first night. When I went to pay, the [...] now. After a month or two, things started to gradually get easier. I began to fathom the culture of Arkansas, to empathize with their values, and more important, to under­stand my own Faroese culture; who