in relation to the high oil price, something most oil companies are happy about. This is the main reason for the high level of offshore activity. Over the coming months Faroe is scheduled to drill at least [...] Petroleum has a lot to offer as a license partner. After only two years on the Norwegian Continental shelf the company has already managed to become a respected player, with one of the best exploration teams [...] cash flow in order to have cash for upcoming exploration. –We have built a portfolio from day one, and have had great success in entering into licences, says Helge Hammer. In addition to winning the licences

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

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

a huge demand for qualified staff. Easy-to-use A traceability system makes work more efficient and gives the oil companies an opportunity to save large amounts of money, but for it to work properly everything [...] and where all companies encompass several countries, it may not possible to say a company is Faroese - we will do this anyway. We permit ourselves to call the company, Keel Solution, for a Faroese company [...] Human Resources division to plan work and fully utilise in-house capability, instead of buying expensive consultants from the outside. All this is important for the oil companies in the future, as there

time schedule when these undertakings have to be concluded. The objective is always to ensure that the companies have enough time to complete the work that has to be done. A suitable time frame is negotiated [...] a fee the license holders have to pay for the licensed area, increases as the years pass. This is also an incentive for the companies not to drag their feet with this work. It is also very important that [...] some fear, regarding how these multinational companies, which now were to invade our country, would conduct themselves. As time has passed, and the companies to a greater or lesser degree have been active

where all citizens are able to work and participate according to ability, • which gives all citizens the opportunity to use their capacity to lead a satisfactory life. Compared to all parameters of competition [...] is why we for the first time with Vision 2015 have made strategic comprehensive plans for welfare of all the most important welfare-political frameworks in order to reach a main objective: to ensure an [...] an excellent society for all citizens. Dual Strategies for Welfare The vision of welfare originates in a political ambition and it aims for a social system which both: • promotes equality, well-being and

is a great opportunity to learn about a culture and find the best restaurants. It also saves money, which is essential for two young unemployed journalists traveling in Europe for a month with only the [...] will not be any more hero-presidents to help this fledgling country as it works for independence and stability in the coming years. In just a few days we will leave for Copenhagen, where we will enjoy the [...] dollar to spend. On the island of Samos, within sight of the Turkish coast, we stayed with a lovely pair of English teachers who treated us to the only bed in the apartment and an eagerness to talk politics

remote polity close to the North Pole into to being a strong, dynamic polity in the middle of the North Atlantic taking the advantage of the new opportunities The task for the Faroes is to bring home the Faroes [...] Faroese go abroad for studying. It has its benefits as people see other societies, but also needs to get them back home. Small societies The Faroes has a lot to give the world in how to manage remote and [...] surveillance and control of the North Atlantic and had a great value for NATO. The Faroes has herself never been to war. From remote to central The Faroes have always paid the price of being “The Far Away

because the tourist industry can lead to so much more and create grounds for other industries as well. A New Course for the Tourism Industry It is very important to organise and improve the services on [...] are equally small – so we must know how to get attention in a way that is not too costly. We have to rely heavily on editorial mentioning, so we work very hard to build up a contact network with journalists [...] TV interviewed some American surfers who had come to our islands to try our waves. They were amazed that no-one seemed to have noticed the potential for surfing on the islands. Other extreme sports such

need to embrace change to whatever extent necessary. The ability to cooperate effectively and develop strong networks is becoming more important. And still it is crucial for us to hold on strongly to our [...] people and creatures have managed to survive here in this seemingly inhospitable place for more than a thousand years. You’ve got to be creative to do that. But there is more to it than first meets the eye. [...] this as an opportunity. To stay competitive, we have to be inventive and learn how to develop new concepts and fresh thinking. And when setting our goals and objectives, we have to be strategic and think