achieved in the first |Faroes campaign is smack on the global average. The trick now is to multiply that success several times over during the next two to three years, convert the discoveries into commercial [...] es of the 2-D seismic equipment used and due to the basalt layer that is characteristic of the Faroes Shelf. An offshore borehole was, however, drilled under the Ocean Drilling Programme in the mid-1970s [...] cautious Elttur said: ?The success of this well is very important for the Faroe Islands as a future oil province, even if we do not at this moment of time know whether the find is commercial. Challenging

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 [...] were uneconomic are now almost routine. The North Sea is a mature province but the message the industry is struggling to transmit, particularly to the young, is that it has a long and valuable future and

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 [...] 1971. »One of the most important benefits of the oil era, and one often overlooked, is the way it restored confidence in the people of Orkney,« he said. »Until the 1970s, people across the islands were [...] gift - and what better than a piano. Today, as the islands prepare to look back on 25 years of living with the oil industry, that Steinway grand piano is still being played. It?s not known for certain whether

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?s wages is that [...] importance to the wage earner, whether he is tax liable subject to the Hydrocarbon Tax Act only or to the ordinary tax legislation applying for the Faroes as well. The more special rules, the better it permits [...] question is a resident in the Faroe Islands. If the ship owner is a company it has to be registered in the Faroe Islands and its real head office has to be located in the Faroe Islands. Lastly, the crew in

about the future, Mr Grant said earlier this year: »We have the confidence that we can deliver the services required by the East and the West of Shetland oil fields. It is investment today for the ongoing [...] infrastructure, which is being developed in the North and West of Shetland, is located to the prospective oil province on the other site of the border between the UK and Faroe. Former Sullom Voe Oil Terminal [...] this year is well up, and much of that is thanks to oil-related offshore activity.« »There is more emphasis now on these areas, especially with the turmoil in the Middle East. The Shetland and the Faroese

challenge for the authorities, the oil companies and the local industry. The large quantities of data which has been collected from the drillings this summer will be subjected to intense studies over the coming [...] countries is the need for evaluating the activities as we progress. There have been two meetings recently where lessons learned were on the agenda. In addition the Ministry of Petroleum will meet with the oil [...] were to be expected when you combine the traditional working methods of the oil industry with the stipulations of the hydrocarbon law and the expectations of the local business community. Let me first

success has eluded the explorers in the southeast corner of the island?s offshore waters, it is likely that attention will turn to the northeast. The west of Shetlands region is vying for petroleum exploration [...] licence rounds is an important weapon in the explorer?s armoury. The UK will open its 21st licence round next year but it is unlikely to include any acreage near the Faeroes. The 21st round is likely to be [...] between the UK and Norway is now better than at any previous point in the history of the North Sea industry. It is particularly important that we should find ways of working together in the median areas

to come anyhow, and the more we could control and be part of the development, the more money we could keep in the community and create the facilities for the future.? Subsequently, the council?s representatives [...] in Britain. A unique partnership between the industry and the local authority has secured the islands a steady stream of income, which is used to boost the economy and to finance amenities other local [...] can only dream of. With the massive Clair oil field, 50 miles to the west of Shetland, coming on stream towards the end of next year, the BP led management at the oil terminal is confident that Sullom Voe

my money/ And my best friend/You know the story/Here it comes again", tíðin gongur og lívið er stutt "You can newer go back/ And the answer is no/ And wishing for it only/ Makes it bleed". Hvussu fer alt [...] end", tí "Life is sweet at the edge/ Of a razor". Í sanginum "Green Grass", ið minnir sera nógv um ein Leonard Cohen sang, er niðurlagið: "Lay your head where/ My heart used to be/ Hold the eart above me/ [...] Refuse? who turns the wheel/ Who rolls the dice, on the/ Day after tomorrow". Sangurin "Day after Tomorrow" er um ein 21. ára gamlan hermann, ið byrjar rørandi: "I got your letter today/ And I miss you all

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