been a welcome challenge and all information is now readily available to shareholders, investors, markets and the general public in real time on the AP website/www.petroleum.fo and most elegantly presented [...] Faroese oil and gas company and become partner in a strong group of international oil and gas companies. In that way the necessary skills and knowledge to run a professional, competi­tive, and independent [...] independent oil and gas company, financially strong and well-respected in the industry, and prudently managed to provide a robust return to its shareholders, a focus for business integration and development

via the Faroe Islands and that stipulation has meant that the oil companies and their contractors have to turn their focus towards a new market to find out what that particular market has to offer. This [...] Ladies and gentlemen, One year ago I had the privilege to open the first Offshore Faroes conference, and I am honoured to be invited back this year. Last year we were on the brink of a new industry in [...] subsoil holds hydrocarbon accumulations in significant volumes and that poses a new challenge for the authorities, the oil companies and the local industry. The large quantities of data which has been

offshore Angola and well above the one in three average offshore Equatorial Guinea and deepwater Nigeria, it is hardly surprising that the North-west European effort is so low key. And, as rigs gradually [...] Scotland/Shetland and Ireland. There is mounting concern both in the UK and Norway with regard to this. That so little data has made it into the public domain does not help. If Australian Stock Exchange (ASX) [...] terminal, and is hopeful of being able to celebrate 40, even 50 years. But that depends on various factors, not least whether much else is found on the UK Atlantic Frontier, White Zone and closer to the Faroes

to be on other markets. We aim at being an open and competitive economy, and we want a relatively smaller public sector to be efficient and concentrate on delivering welfare services, while private businesses [...] 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 and renewable energy [...] whole issue of fossil fuels and their implica­tions, through rising carbon emissions, on climate change. Of course, we also know that oil and gas will not be in stock forever, and that the prices will rise

industries such as construction, post and telecoms, water, food and drink manufacturers and more than four times safer than mining and safer than recreational and sporting activities. The industry continued [...] persuading operators and contractors to share risk and reward and in so doing achieve an initial 30% saving on capital projects. Alliancing and partnering became the buzz words and CRINE proved a success [...] of the Oil and Gas Industry Task Force in 1998 which was part funded by the Department of Trade and Industry and marked the beginning of a closer working relationship between the government and the industry

Partners, AkerKværner, Amec, and Halliburton KBR. The plan is to develop Skarv using 21 subsea wells and subsea production facilities tied back to the nearby Snadd and Grasel fields and produce to an FPSO. BP [...] tonnes proven and probable for oil, plus a further 95million tonnes ?possible and additional?. The gas figures were 35billion cu.m proven and probable, plus 60billion cu.m possible and additional. West [...] 420million tonnes and gas up to 550billion cu.m. West of Scotland is 400million tonnes and 400billion cu.m. The figures are based on data gathered during the 1991 mapping and drilling programmes and are probably

much political, economic and social problems Maitreya will encourage humanity to see itself as one family, and create societies based on sharing, economic and social justice and global cooperation. Maitreya [...] white got out by the next bus stop, walked a few meters and then dissolved into thin air. This happening got worldwide attention at the time and CNN aired the story. What event was this? Was this the Christ [...] that are his disciples. They are people like you and me that have travelled further on the path of evolution than the rest of us and have been guiding and inspiring humanity from behind the scenes. This

reveals how close the infrastructure, which is being developed in the North and West of Shetland, is located to the prospective oil province on the other site of the border between the UK and Faroe. Former [...] services required by the East and the West of Shetland oil fields. It is investment today for the ongoing business tomorrow.« Others are more open about their aspirations and hopes. The chief executive of [...] a number of closer business links between Shetland and Faroe. These include mainly transport improvements, but there is no reason why this should not include the transportation of oil and gas as well.

blubber and skerpikjoet. Elin Heinesen, managing director of SamVit, the Faroese trade council and tourist board, says that time is ripe for marketing the Faroe Islands. - Iceland has gone forward and has [...] story. And the story that got him here was the one about the Faroese professor, Bogi Hansen, who was awarded the Nordic Council Nature and Environment Prize in 2006 for his research into climate and oceanography [...] the foreign journalists was Karl Ritter from the Associated Press. And thanks to his articles, which were sold to various newspapers and media, people around the world have now heard about these small remote

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 ahead – yet in following through [...] Stream from the south and the Arctic waters from the north produce a paradise for marine flora and fauna around the Faroe Islands. Hungry fish stocks come in all sizes to graze and it is no coincidence [...] fleet and a strong manufacturing sector. But when we’re dealing with a globalised market where demands change every other day, this is not enough. I think the Faroese people and our economic and political