Svávulbýurin, orsakað av tí sermerkta royki, ið er allastaðni. Økið hevur størsta »energetic thermal activity«, ella varmaelvda virksemi, í landinum. Brúsandi heitar keldur, boblandi runudíki og froysandi goseldar

licensees and their contractors do have to establish actual management presence and carry out actual activity in the Faroe Islands and that all goods and personnel for the offshore-industry have to pass through [...] Egholm Hansen and Ms. Penelope Warne both confirm that it is a declared aim to reach a level of activity in the Faroes that will require and just ify the hiring of Faroese legal and office staff, and that

contribution of the petroleum industry to the national gross domestic product (GDP), after decades of activity, recently peaked at about 25%. In Newfoundland, with just a single oilfield in production (a second [...] is one 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 [...] expanding and diversifying the Faroese economy. This will initially occur through an expansion of oil activity itself, with more Faroese companies following the lead of Atlantic Petroleum, Atlantic Airways and

and will one day stand as monuments of a prosperous era in the islands' history. »At the height of activity at the terminal, it was providing well paid jobs,« added Councillor Halcro-Johnston. »And that was

large proportion of increase in operations and passenger from the offshore oil and gas exploration activity in Faroese territory. This is expected to terminate for 2001 over the end of November. Offshore

on the stock market to fund the next phase of its expansion. Sir Ian said that North Sea offshore activity had stepped up significantly in 2001 and the Gulf of Mexico had also been very active. In 2002 the

from increased activity. »The harbour has recently been very, very busy with oil related ships. Our income this year is well up, and much of that is thanks to oil-related offshore activity.« »There is more [...] with the almighty oil industry. Summarised, the content of this deal is as follows: ? all major activity was focussed in a single area at Sullom Voe, rather than spread over the whole islands, as it was [...] Shetland may well spend days in the isles without ever getting close to the oil terminal. The centre of activity is hidden away 30 miles north from Lerwick, the busy capital of Shetland. The side effects With

Shelf in the future, the local industry will also face a new challenge with a marked increase in activity. According to the Faroese hydrocarbon act, all activities - as you probably know - shall be conducted

impacts of an oil industry on fishing is now widely perceived as being negligible, as the commercial activity is focused on the shallow shelf areas around the islands while the oil industry is looking for its [...] on the offshore larger support vessels and away from the fishing fleet. But, ?increased economic activity in the islands resulting from the development of a new industry could provide employment opportunities [...] offshore West Africa and Brazil all attracting significant attention from the oil majors. But recent activity off north-west Europe has shown there is plenty there to interest oil companies. Three exploration

challenging part of the Faroe Shelf. In other words the main challenge is a gradual transfer of activity from the existing licenses in the southeast to the shallower and basalt covered parts of the Faroe