competitive price wise. -“Our geographical location is one of the foremost reasons for us to present ourselves to the offshore industry. The sailing distance to the Faroes is short from most oil areas in [...] its daughter company PAM Offshore Service, has delivered skilled labour to the offshore industry Oil industry The history of Faroeyard began already way back in 1898, when Vestmanna Skipasmiðja was e
regarding the Faroes in an oil industry context. Close to oil areas As oil has become extremely expensive, oil companies are looking for alternative ways to reduce their own oil consumption. This could soon [...] monitored oil industry developments for a long time and has prepared itself to expand activities. This means we have several areas available, which within a very short time can be developed for oil industry [...] not participate we cannot expect to gain anything, it’s as simple as that”, says Mr Klæmint Østerø Oil industry supply harbour In the longest fjord in the Faroes lies the port of Runavík. For the past few
success of the petroleum industry in Newfoundland waters, it still leaves them vulnerable to global oil price and other fluctuations. Accordingly, I believe the most important change is that that has seen [...] it is commercial. But this first discovery does help confirm the expectation that Faroes will see oil and/or gas production sooner or later. It is sure to lead to further interest in Faroese waters, and [...] expanding and diversifying the Faroese economy. This will initially occur through an expansion of oil activity itself, with more Faroese companies following the lead of Atlantic Petroleum, Atlantic Airways
tænastur fram á ein kreativan hátt. Mette Blomsterberg er kend frá sendirøðunum “Det søde liv”, “Kongerigets kager” og “Price og Blomsterberg” á DR1. Hon fer nú at greiða frá sína passión fyri tí “Søta” og um
tænastur fram á ein kreativan hátt. Mette Blomsterberg er kend frá sendirøðunum Det søde liv, Kongerigets kager og Price og Blomsterberg á DR1. Hon fer nú at greiða frá sína passión fyri tí Søta og um
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
of combining to extract value. Of course, the recent volatility in the oil and gas sector and particularly the fluctuating oil price following the events of September 11 has added an extra layer of uncertainty [...] significant growth for a small, start-up company but which would not figure on oil major?s materiality radar. Dublin-based Tullow Oil entered the UK upstream sector by acquiring assets from BP for £201 million [...] York Stock Exchange were shelved as the OSX oil services index went south. Manderson has been concentrating on continuing to build ASCO into a truly global oil industry supply chain business with the level
economic uncertainty and personal danger, capable of giving jaded oil executives emotional highs and lows. Today, despite high oil prices, companies are reluctant to splash out millions of dollars on risky [...] 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 [...] negative impacts of an oil industry on fishing is now widely perceived as being negligible, as the commercial activity is focused on the shallow shelf areas around the islands while the oil industry is looking
"What might a world of high oil prices mean for the Faroe Islands?" Tað er evnið, sum vártingið hjá Oljutinginum fer at viðgera Á Vártinginum hjá Oljutinginum fer Professor Paul Stevens frá Centre for [...] Policy, á Universitetinum í Dundee at halda fyrilestur undir heitinum, "What might a world of high oil prices mean for the Faroe Islands?". Úti í heimi hava ymisk viðurskifti ført við sær, at oljuprísurin
from oil-related work and the dues Orkney?s Harbours Department charges the tankers that take oil and gas away from Flotta. But Orkney Islands Council, which has generated huge cash reserves in oil-linked [...] completely reversed by oil.« One of the important reasons for creating the oil reserves was to ensure money was available to help the islands cope with the eventual closure of the oil terminal - now projected [...] man made - and serves as a powerful symbol of the impact oil has had on the Orkney Islands. A huge orange flame has blazed above the Flotta Oil terminal for almost a quarter of a century now. It can be
