Oil Experience Hans J. Marter Shetland is ready for the Faroese oil industry to take off and is confident that both island groups will benefit hugely once oil is discovered in the Faroese sector. Already [...] the whole region is already benefiting 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 [...] to see what Mr Goodlad?s thoughts are, when he comments: »We hope the Clair development will mean continuation of the Sullom Voe Oil Terminal much beyond what we have originally envisaged. It is the first

n. Section 4 income is taxed by 27% whether the business is run by a company or by an individual. This type of income is assessed independently (ring fenced), and the income tax is calculated of this income [...] company that is tax liable subject to the Hydrocarbon Tax Act only, pay tax on »derivative income« by 20%. C. Tax Rates. As is apparent from what I have outlined above, the tax liability is of great importance [...] Faroese waters. In order to be covered by FAS it is also necessary that the ship owner in question is a resident in the Faroe Islands. If the ship owner is a company it has to be registered in the Faroe

« he said. »There are so many parallels between what happens in the film and what actually occurred on Flotta and the sense of humour that comes across is very Orcadian.« [...] can be seen on clear nights from the Scottish mainland and is generated from waste gases produced as crude oil delivered by seabed pipeline is processed at the terminal. North Sea oil abruptly arrested [...] wanted to give Orkney a 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

flourish and the North-east economy is buoyant. There is not expectation of huge fields like Brent and Forties being discovered but advances means that more and more oil is being extracted from those reservoirs [...] 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 offers [...] cautious oil companies. The drilling has been a long time coming in Faroese waters but momentum is building in what might become an unstoppable force. The signs which marked the arrival of the industry in Aberdeen

the Agip and Foroya Kolvetni (FK) partnership. This is a particularly important time for FK in that, though it is largely owned by Faroese, the company is expected to float on the London Stock Exchange early [...] in their own right can ever be realised, if that ever happens. However, it is far too early to know what the real potential is, though figures like 1 billion barrels of crude have been bandied about ? manna [...] exploration wells drilled, the success rate 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

løgunum. »Every second, every minute/It changes to something different/Enlightenment, don?t know what it is.« Van Morrison hevur roynt ymisk sløg av upplýsing, og tað er bara at vóna, at sálin einaferð fær [...] og nú hevði mist talið á, hvussu ofta er var vorðin paff í tveir tímar. Næsta lagið, Money (That?s What I Want), hoyrdi eg ikki, tí oyruni rúmaðu ikki meir. Og ljósini tendraðu, og vit fóru út í regnið

Great Things For Me," "I Know What Prayer Can Do," The Day You Set Me Free," "There is No Failure In God," "We Give You Praise," "You Bring The Sun Out," "The Failure Is Not In God It's In Me," "Give God

Invention« »Who Is The Brain Police?, sungu um »Motherly Love« og »Mr. America«. Skrálaðu »I don´t even care, if you shave your legs!« Og »Motherly love is just a thing for you. I think, your mother is going to [...] to love you ´til she don´t know what to do!« Vinkonan hjá teimum, eydnudukkan, hon sjálv Suzy, Suzy Creamcheese, slapp at siga nøkur orð í onkrum lagi. Og so hasir undarligu, ljótu menninir á plátuhúsanum [...] hagar, eingin annar hevði verið. Frank Zappa gjørdi næstan alt slag av tónleiki. Eisini jazz: »Jazz is not dead. It just smells funny«, segði hann á einari konsert. Hann hevði sera gott hegni at finna framúr

skeivur ella kundi havt valt øðrvísi. Eftir prologin við heksunum verður lagt fyri soleiðis: What bloody man is that? ? Nú! Hvør er hasin særdi? Tað kemur minni enn so tað sama fram á føroyskum sum á enskum

saman við næmingunum, við høvuðsdenti á tað kristiliga og bíbilska: 1. Gloria 2. I still haven?t found what I?m looking for 3. Until the End of the World 4. The First Time 5. Wake up Dead Man 6.Peace on Earth