Director for Keel Solution, Mr Dánial Hoydal. -Very much is happening in the oil industry at the moment. Oil prices are high and oil companies are interested in increasing effectiveness where at all possible [...] requirement for a system, which is capable of collecting all the knowledge accumulated in oil companies. A large global oil company recognised the value of such a system and they wanted it developed immediately [...] on the agenda. This month Keel Solution is participating in the large oil exhibition in Stavanger. All knowledge in one system Oil company activity is complex and extensive. Therefore, it is very important

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interests between exploring for oil and developing an oil industry and at the same time to look for other ways of producing energy. We need the oil, and incomes from oil can help us invest in alternative [...] between the Faroes and Shetland, as an area for oil and gas exploration. As a Minister for Research, I find it tremendously intriguing to think about oil exploration in this area, also known as the Atlantic [...] - - - Regarding a coming oil industry, it is immensely important that our government is in full control over all recourses in the Faroese subsoil. We are aware that the day oil revenues come flooding into

integrated part of nature to go fishing and having sheeps in the mountains. All though most youngsters live a life similar to other young people in the western world, it still comes with a touch and respect [...] The Faroes has herself never been to war. From remote to central The Faroes have always paid the price of being “The Far Away Islands”. But this remoteness is no longer an obstacle. Modern technology makes [...] solutions in the IT field aswell with Simprentis being a world provider of educative simulation for the oil industry. The fishing industry is also devoping fast with both traceability, utilization of all the

years USA was the main market for faroese fish products.Generally the market was favourable with high prices, which the european markets generally could not compete with. Both the faroese fish industry and [...] operations outside Faroes, should study US financial opportunities. We have high hopes for a Faroese oil industry and no doubt we will see more to US companies in this field in the coming years. Of course [...] and Faroes, the smallest one, will benefit of more co-operation. Johan Mortensen, Manager for the US oil company, Anadarko Faroes Company

that some of our guests return every year, and some even decide to settle down for the rest of their lives? Words like powerful, intense, peaceful and authentic are often used when trying to describe the feel [...] small villages by the seaside with closely-packed houses in all colours of the rainbow, where people live together in peace, feeling content and safe. The crime rate here is among the lowest in the world [...] is one of the world’s leading nations in terms of sustainable fishery. If we don’t find exploitable oil, fishery might very well still have a future as our strongest industry – especially if we focus on

somewhat afraid of imposing demands upon the oil companies in case they scare them off: – I think there is no reason for such an attitude, because as long as the oil price is where it currently is, the Faroes [...] He thinks that as long as we are exploring for oil, we can defend such a demand, but the question how do we follow up and control such a demand if an oil industry emerges. – I am not saying that such a [...] – We must not afraid to impose demands upon the oil companies, which are active and intend to work in Faroe waters, says Mr Rasmussen. Supply Service Leirvik, which operated supply vessels from the Norwegian

is the situation the international oil companies have been facing, if they intended to operate in the Faroes. The taxation system has been quite unclear and for many oil companies based in London, this unclear [...] pleased with this new agreement, which he hopes will increase the interest of foreign oil companies to work here: -“The oil industry has for a long time been requesting clear-cut rules on tax issues. Therefore [...] says Mr Laksafoss. He is aware of oil companies refraining from working in the Faroes, e.g. activities which could be done here being done abroad instead: -“If the oil revenues, which the Faroes have received

orka "Kunningar- og samskiftistøkni (KST)/Breiðband - serliga átakið Búgv lokalt, arbeið globalt (Live Local Work Global) "UHI og Fróðskaparsetur Føroya "Mál og mentan Teir vóru samdir um at royna at ganga [...] for a major on-shore wind farm similar to those proposed for Lewis. We have benefited greatly from oil revenues and see renewable energy as the long term sustainable way of ensuring our community continues [...] proposals and other renewable energy developments in the Western Isles can have the same impact as oil had in Shetland. We look forward to working together to promote our islands communities and especially

Samstundis ávara serfrøðingar um, at bensinið verður uppaftur dýrari, enn tað er nú. Stovnurin Oil Price Information segði í gjár, at bileigararnir hava ikki merkt tað ringasta enn. Sagt varð, at tað er [...] tað dýrkar, hvussu dýrt tað verður, og hvussu leingi tann høgi prísurin fer at halda sær. Sambært Oil Price Informatiuon er tað væl hugsandi, at bensinprísurin í USA fer at hækka eini 25 prosent eftir stuttari