Base. They are quite optimistic in their views that oil will be extracted from the Faroese CS. They are preparing themselves for a possible oil industry in the Faroes. Atlantic Supply Base in Runavik has [...] has been an active participant in the exploration drilling that have been made in the Faroes since 2001, i.e. 5 wells. ASB was founded in 1999. Now, new challenges are ahead of us. The Statoil explorations [...] supply base service, and the Oil Companies who have done there exploration well’s, have been well satisfied with our service, so I do not think there is any reason to move the supply base away from Runavik

Aljubarrota prospect in 2000 and again in 2001. The adventure proved a commercial failure and resulted in Desire backing away. In its 2001 annual report, Desire said prospects identified in the Lusitania Basin [...] Portugal to Lofoten off Norway ? slow. There are few commercial discoveries to show for the enormous effort made, except in the Norwegian sector where results obtained are the most promising to date. And yet [...] interval of approximately 170m in Palaeocene sediments. Located in 950m of water, close to the UK/Faroe boundary in the White Zone, the well was drilled to a total depth of 4275m in a deepening operation, after

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 communications [...] platform. It is understood that the SheFar-cable will come ashore in the Faroes in September and the cables to Scheihallion and Clair are in the process of being laid. Sosialurin has tried to get a comment [...] to get a foothold and there are several indicators, which suggest that Føroya Tele is doing just that. The amounts involved could be very large and these would in turn reflect in the export statistics

Oil folk are happy. Fisherfolk are appeased. Much of the boundary is equidistant. There is only one sector where Britain appears to have gained the upper hand, but it is modest. Step back five years or [...] between peacable North Atlantic neighbours can take this long, what hope is there for reaching dials where the politics are far more complex and where open conflict may exist. I am, of course referring [...] believed a better deal could have been brokered, had UK PM Tony Blair been presonally involved in talks with the Danes in Copenhagen over the fate of the Faroese. Head of the Faroese negotiating team, Arni Olafssen

Sveinn Jónsson Iceland On the 11th of June in 1988 about six thousand peoplewere gathered together in a religious gathering by the Bethlehem church in Kawangware in Nairobi, Kenya. Mary Sinaida Akatsa was [...] Himalaya mountains in 1977 and took up residence in the Pakistani-Indian community in London. There he has lived and worked appearing as a seemingly ordinary man. Benjamin Creme has travelled the world and brought [...] expressing who you really are and detachment means to stand back from it all, yourself included and adopting the attitude of the impartial witness. Maitreya´s social concerns are reflected in his priorities: adequate

Statoil, Jardfeingi and other institutions are re-examining the geology of the Faroe Islands. Finally, in early wells drilled in the Faroes offshore there were encountered small amounts of hydrocarbons [...] remaining in the Faroes for hydrocarbon exploration after drilling two dry wells?' Statoil answers this on several fronts. First it is a 30% partner in the exciting Rosebank-Lochnagar Field, discovered in late [...] constitute significant untested exploration potential in the Faroes. In 2006 Statoil and its partners did drill the Brugdan prospect in the Faroes (well 6104/21-1); an analogous structure to Rosebank. The

for sanction in 2001. That came symbolically when, in November that year, Energy Minister Brian Wilson gave it the green light. Phase-1 concentrates on the core, Graben, and Horst segments in the southern [...] at peak, with roughly 1,800 tradespersons and engineers employed in various locations, mostly at Verdal in Norway and Wallsend on Tyne in England. Load-out will take place next summer, with the expectation [...] of Shetland in July 1977. Development has been shelved at least once. But now the project is unstoppable, with construction past the halfway mark and apparently on track. Clair is a monster in more ways

can now become the focus of attention and therefore – in a way – become a new centre. A New Frontier There are still new frontiers to be discovered in the world – and the Faroe Islands might be just that: [...] experience in a radio programme in this way: »It’s a cosmic experience. The Faroe Islands is a country which is – and is not. It is in constant flux. It keeps disappearing: One moment it’s lost in the fog [...] fog, and suddenly – there it is again in all its magnificent beauty. Like magic. Like reality and fairytale in one. In these majestic surroundings you become almost painfully confronted with life’s vulnerability

growth in Atlantic Petroleum, AP. This is well reflected in the trust shown by investors and the markets in the AP share. An investor that invested 10 thousand DKK in the first two share offers in 1998 and [...] Exchange in Iceland in 2005 and OMX Copenhagen Stock Exchange in Copenhagen marked a significant develop­ment in the organisation of the Company. Meeting the require­ments for full transparency in all company [...] Company as well as to list the Company on two markets. In June 2005 Atlantic Petroleum was listed on OMX in Iceland, and in October 2006 on OMX in Copenhagen. Phase Three The third phase will be built on

taste a flavour of the mood in the islands, look no further than the film Local Hero, a huge hit in Britain when it opened in cinemas across the country in 1983. One scene in particular struck a chord with [...] economic development projects. »The work has almost been done,« he said. »There are now so many businesses in Orkney that are growing and doing well. They provide us with the basis for future prosperity [...] modern new library in the Orkney capital, Kirkwall. Funding for both has come from the council's oil reserves, which currently amount to almost 143 million (pounds) in total. »There will always be some