beginning at up to more than $26 by the end but hopes were high that the new Millennium would bring new prosperity. A step towards that had been taken with the formation of the Oil and Gas Industry Task [...] ashore gas was flared off and it was expected that the field would last until 2001. Now it is a major gas field and the silver anniversary predictions are that it could last another quarter of a century. [...] time coming to the Faroes, not least because of boundary disputes, and that time has been well used in preparation. Hopefully that preparation will maximise the benefits to the 45,000 islands and minimise

much of a future for small farms like mine so we didn't mind that Flotta became known as Treasure Island,« he told me. »I don't mind saying that I expected to end up a very rich man and we certainly got huge [...] per cent in capital gains tax.« »That didn't leave me very much - but I did invest it extremely carefully.« Danny might not be rich. But he is happy to acknowledge that the plant and its staff been excellent [...] contractors over the years, the service industries that benefit from oil-related work and the dues Orkney?s Harbours Department charges the tankers that take oil and gas away from Flotta. But Orkney Islands

way of financing the services that a modern society has to offer. Income tax is paid with the presumption that it has been assessed and collected in accordance with rules that are applicable to all Faroese [...] 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 half of the 90?ies. As [...] 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 the crew?s wages are taxed

publicly, that they will make returns on their North Sea investments. One factor that is encouraging is that the industry appears to have a closer relationship with the current UK government that at any time [...] Aberdeen-based Venture Production are also convinced that they can capitalise on opportunities and extract shareholder value from propositions that may no longer be of interest to the biggest players. [...] although it did nothing to dampen speculation that Wood Group will seek to float on the stock market to fund the next phase of its expansion. Sir Ian said that North Sea offshore activity had stepped up

Faroese sector. Fact is that the terminal has received a major £50 million overhaul this summer. Talking about the future, Mr Grant said earlier this year: »We have the confidence that we can deliver the services [...] enough for a terminal in Faroe, then we are hopeful, that it should be viable to connect into Sullom Voe Oil Terminal.« However, he acknowledges that it is very early days yet to speculate on this possibility [...] made clear by the Faroese authorities that it was their intention to land Faroese oil in Faroe in an attempt to gain the full economic benefits. Mr Goodlad adds that Sullom Voe and a fictive Faroese terminal

conducted via the Faroe Islands and that stipulation has meant that the oil companies and their contractors have to turn their focus towards a new market to find out what that particular market has to offer [...] business community. Let me first say that my general impression is that the activities on the whole have been carried out in a satisfactory manner. However I still think that this conference is a good forum [...] marked change since last year?s conference. We have established that our subsoil holds hydrocarbon accumulations in significant volumes and that poses a new challenge for the authorities, the oil companies

roynt seg á onkrum smærri konsertum við All That Rain, og næstu tíðina verður onkur framførsla afturat á skránni. Higartil hevur tað gingið væl hjá nýggja All That Rain. Teir hava vant nógv, og Hans Ravnsfjall [...] tríva í onkran gamlan slagara, sum gjørdi teir so væl dámdar fyri 10 árum síðani. Hans á odda All That Rain gav tíðliga í summar út eina fløgu, og síðani ymiskt hent við bólkinum. Jens Marni Hansen, sum

All That Rain fer at spæla til jóladans á Kambsdali leygarkvøldið. Tað er Gøtu Ítróttarfelag, sum skipar fyri hesum tiltaki. Hetta er tíðin, tá nógvir útisetar leita heimaftur til Føroya, og tí er slíkt [...] slíkt dansitiltak eisini ætlað teimum, sum koma heim hesa ársins tíð. All That Rain hevur seinastu vikurnar spælt aftur til dans, eftir at teir lógu stillir í nakrar mánaðir, tá Jens Marni Hansen var farin

størru tiltøkini. Tiltøk sum Prix Føroyar og Ólavssøkukonsertin, og bólkar sum Clickhaze, I Am og All That Rain, sum hava gjørt nógv um seg í 2001, fáa gjølla viðgerð. Væl gjøgnumarbeidd Eyðun Klakkstein, [...] við á vegnum; til dømis verður sagt, at Unn Patursson kemur væl frá síni fyrstu soloútgávu, at All That Rain spæla væl, at Holger Laumann & Plúmm spæla framúr væl og at Jakkin hevur klárað at endurnýggja

heimaftur til Føroya, og tí er slíkt dansitiltak eisini ætlað teimum, sum koma heim hesa ársins tíð. All That Rain hevur seinastu vikurnar spælt aftur til dans, eftir at teir lógu stillir í nakrar mánaðir, tá