Economy of Oil?, sum kom út í fjør, m.a.: ?There is already a long list of basins where the industry held high hopes of discovering large new sources of supply, but where dreams have disappointed: a few examples [...] examples include China´s Offfshore and Tarim basins, Vietnam, the Atlantic Margin and the Falklands?. Vit síggja, at víst verður til Atlantsmótið, sum Føroyar eru ein partur av, sum eitt øki, ið ikki hevur
last year appeared to encounter a significant oil column. The Department of Communications, Marine and Natural Resources said in October 2003 that a "substantial column of hydrocarbons" had been encountered [...] Ireland benefited and not just Shell. "At the present time, such a find would be of almost no benefit to the people of Ireland. I say this because of the scandalous conditions that apply to multi-national exploration [...] Rockall Basin, proved to be such a significant discovery, and my Department has emphasised the positive implications of this discovery for the prospectivity of the basin as a whole.? Good news for Faroe? Perhaps
happened, for example the breakup of the Soviet Union, the release of Nelson Mandela and more. One prediction that has yet to emerge is a global stock market crash. Maitreya comes not as a religious leader [...] Maitreya has no intention of building a new religion around himself or gathering followers, but to teach the art of "Self realisation". The first steps are " Honesty of mind, sincerity of spirit and detachment" [...] bucketful of blessings to you all" It took the gatering almost twenty minutes to calm down after the man had left in a car belonging to a mr. Gurnam Singh, who had offered to give the man a ride. What happened
Torshavn. I believe the visit marked a number of firsts including the first time a Prime Minister has officially visited our islands and the first ever joint meeting of the Comhairle with our Community Planning [...] ráðsformaður í Orknoyggjum, segði: "We work closely with our Scottish Islands colleagues on a wide range of matters of common interest but too seldom do we get the chance to visit each other and see what is [...] ið høvdu týdning fyri, at menningarætlanin gerst væleydnað, m.a. Arnish ídnaðarøkið og Lews Castle College, ið er partur av UHI (University of the Highlands and Islands), sum er felags hægri lærustovnur
the possibility of converting wave-power into a source of electricity. Later this autumn, drilling will begin upon a sixth exploration well in our waters and an agreement has been made on a seventh well drilling [...] and hydrocarbon issues: “A general debate has been on a proposed new energy policy, and a new power legislation Act was passed during the last sitting. The overriding aim for a new energy policy is that [...] become members of a project group together with our authorities, tasked with carrying out further surveys to determine how wind energy combined with new technology can achieve the objective of a sustainable
Oil companies have for a long time being looking for a clear-cut taxation situation between the Faroes and the UK. A dual tax agreement has now finally been agreed between the two countries, and this will [...] pension fund is located? This is just one of the many questions which must be settled before an agreement is signed. Over these past few years there are many examples of Nordic senior citizens, whose official [...] bilateral agreement between the UK and the Faroes, the Nordic countries, of which the Faroes and a partner to, are working on a new multilateral tax agreement, which is intended to come into force in 2010
universities, and therefore it is difficult to evaluate how large a part of the money flows through the Faroe economy. -“Sindri is of a special nature, which possibly can be compared to the work done by [...] just look at part of these incomes. An overview compiled by Jarðfeingi shows that during the period from 2000 to the awarding of the first exploration licenses and upto 2006, some of the oil revenues had [...] million. On top of this are duties from the sale of seismic licenses issued to Western Geophysical from 1994-95 gave app. 15 million kroner. The largest amounts however stem from the support of various industrial
became a reality a link between oil platforms and the mainland also became a natural part of the dialogue. It is quite clear if we look ahead and at the development of an oil production west of Shetland [...] platforms west of Shetland ashore is not a new idea. The demand for a permanent link ashore has been around for many years and a dialogue has been on-going on how to link oil platforms to the mainland. Already [...] capable of delivering such a service. This is where Føroya Tele comes into the picture, as it is capable of delivering both cables and the services required. It could be asked if not this was a task for
demands. – They have for example a special duty on NOX. This means that a maximum has been set for how much detrimental waste can come from a vessel. In practical terms, this means that a badly polluting vessel [...] imposing demands which are difficult to administer. A demand stating that all must pass a Faroe quayside also demands a large workforce and it is a question of where this workforce is to come from, as the current [...] demands we cannot follow up on. One of the demands he has in mind is the demand of a Faroe quayside. He thinks that as long as we are exploring for oil, we can defend such a demand, but the question how do
10-11°C in July and August. •… have a land area of 1399 km2 (545.3 square miles). •… have a population of 48,164 (December 2005). •… capital is Tórshavn with a population of 19,282 (2004). •... have their own [...] to the point of lost identity. That might be the reason why peripheral countries like the Faroe Islands can now become the focus of attention and therefore – in a way – become a new centre. A New Frontier [...] perform at least two concerts a year in the Nordic House of surprisingly high quality. A new generation of young musicians, artists and wfashion designers is also taking on a new and different scene – or
