a good forum for dialog between the parties involved, as they from time to time might seem to have opposite interests. I would like to thank the organisers for providing this opportunity to discuss the [...] contractors have to turn their focus towards a new market to find out what that particular market has to offer. This stipulation also commits the local business community which has to be on its feet marketing [...] a new 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

present in the industry. This is very good. I have personally had the pleasure of seeing the work Faroese have done to increase the knowledge on Faroe activities, and it has impressed me”, says Mr Smith, commenting [...] themselves visible, by for example having a stand in the festival area and adds that he is always very interested is seeing the Faroe stand, in particular the good food on offer to visiting guests. -“Just [...] artists”, says Mr Smith. In size, the largest participating companies this time are FMC Technology, StatoilHydro and Cameron, but in respect to turnover General Electric, GasProm, StatoilHydro, ExxonMobil

exhibition. -“The reason for our participation is to expand our contact base. We wish to market Bitland as one of the foremost consultancy companies in the North Atlantic Ocean. Due to both Norway and Great [...] limited. This implies that we must endeavour to land international tasks also, but this comes naturally to us and is something we are pleased to have the opportunity for”, says Mr Ólavur Gregersen, CEO. [...] Great Britain being relatively close to our home base and the oil industry requires consultancy services. Therefore we regard ONS as an opportunity for us to expand”, says Mr Gregersen. Al Gore In April of

comes to the offering of services, trade and industrial activities to an offshore industry. They operate the only oil industry supply base in the country and are able to offer a complete service to the large [...] ensures their services conform to an international standard. The system will be updated and developed according to requirements. The intention is also to use this in a plan to present the company as an offshore [...] delivery of chemicals. They now intend to expand their activities so oil companies have a one-point contact call number for all their necessities. –“We intend to present ourselves as a wholesale subcontractor

losses, these are highly skilled, well paid jobs. ?Shetland Enterprise intends to work very closely with BP and other agencies to minimise the impact and retain the skilled workforce in the local economy." [...] Hundreds of contractors work at the facility, and their number will be cut by 50% to around 150. Many more contractors are employed on a project basis, but with no major civil engineering work planned high numbers [...] are mismatched to the volumes of hydrocarbons we are now processing. Streamlining the operations is critical if we are to create a successful and sustainable future." Some 26 companies have interests in

expected to float on the London Stock Exchange early next year in a bid to raise £10-20million to finance its participation in the great, slow-pace Faroese oil race. ?We?re ready to go ? waiting for the right [...] the Faroese had been awaiting for some time ... the decision by Denmark to surrender all rights to ?minerals in the subsoil? to Faroese control, and therefore the right to determine the course of the possible [...] so difficult It is common for traces of hydrocarbons to be found when drilling exploration wells, but that does not mean conditions are anywhere near right for oil or gas to accumulate, hence the note

companies not to ?sit on? undeveloped fields but to release them to other players who will want to go ahead with developing them. At Offshore Europe in Aberdeen in September the industry also discussed [...] world for where new opportunities can be found for techniques and practices developed in the North Sea. Three companies stand out as continuing to wage expansionary campaigns and being more likely to conduct [...] prompted the company to formally announce half-yearly accounts for the first time although it did nothing to dampen speculation that Wood Group will seek to float on the stock market to fund the next phase

arrived, the promises have been kept and great care has been taken this time to try to avoid any more boom to burst scenarios. Companies have expanded their horizons and diversified so their fortunes are far [...] price for Brent crude slumped to under $13. Developments were once again put on hold and the century ended with a year in which the price was down to under $10 a barrel at the beginning at up to more than [...] handled. The responsibility for safety was taken away from the Department of Energy and handed to the Health and Safety Executive. In tandem the onus was placed on operators to develop individual safety

quickly realised that oil was to come anyhow, as Shetland was the nearest landfall, and that it was important to get the best deal possible. He said: ?Nobody was particular keen to have oil here because we [...] we had lived a certain kind of lifestyle for many years and oil seemed to be too disruptive to be good for us.? However, the debate in the islands quickly focussed on whether the oil harbour and the ground [...] construction work going on; such as earth moving, civil construction work, laying the foundations for a lot of the constructions that came on site in later years. ?There were probably about 5,000 to 6,000 bears

need to do. We will be drilling in 2004 and are currently struggling to find the right place to drill.? Offshore Faeroes still looks like a good exploration play, with oil companies still prepared to pump [...] high oil prices, companies are reluctant to splash out millions of dollars on risky exploration plays preferring to blame volatile markets and uncertain global political situation for holding back with [...] bit. But, temptation to explore offshore Faeroes is expected to be put in front of oil companies at this year?s Faeroes Oil and Gas show where details of a new round are expected to be released, said local