wages. The objective of the FAS arrangement is that the shipping companies get refunded a part of the wages paid to their employees. The objective of the special rules for taxation on crew?s wages is that [...] question is a resident in the Faroe Islands. If the ship owner is a company it has to be registered in the Faroe Islands and its real head office has to be located in the Faroe Islands. Lastly, the crew in [...] place. Also in this case it is only the part of 500,000 DKK or less that is reduced. The taxable income assessed like this is taxed in accordance with the ordinary tax rates. The same applies to limited tax

lism? Far from it! Wealth is visible in the amount of new houses being built, in the size and the age of cars cruising the highway-like road network, and is expressed in the general upbeat and enterprising [...] ure, 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 Sullom Voe Oil Terminal manager [...] this year is well up, and much of that is thanks to oil-related offshore activity.« »There is more emphasis now on these areas, especially with the turmoil in the Middle East. The Shetland and the Faroese

difficulties were to be expected when you combine the traditional working methods of the oil industry with the stipulations of the hydrocarbon law and the expectations of the local business community. Let [...] challenge for the authorities, the oil companies and the local industry. The large quantities of data which has been collected from the drillings this summer will be subjected to intense studies over the coming [...] general impression is that the activities on the whole have been carried out in a satisfactory manner. However I still think that this conference is a good forum for dialog between the parties involved,

sabbat. "There are witches in the hills calling my name. Saying come join us sister, come kiss the flame. Come dance in the moonbeams, ride the night wind, make love to the darkness and laugh at man?s sins" [...] brotið er hetta: "Baby hit the back door breathin' real heavy said the boys in the alley wouldn't leave her alone. Mama did her make-up in a terrible hurry she finally got ready but the boys were gone. Mama [...] eitur "Ring on the sill". Eg vil meta, at hetta er ein tann besti kærleikssangurin nakrantíð. "He lifts his glass from the table It leaves a ring where it stood. He sees the light from the window. Caress

mechanism to contain the hoped for prize? The Marjun success represents a one in three hit rate for the Faroes. This is good for the European sector of the Atlantic Frontier, especially when set against UK west [...] beyond that, there is the West Africa bonanza, which for now seems unstoppable. On the opposite side of the Atlantic to the North Sea, the story of oil has also been slow to unfold, though the potential of Eastern [...] 400billion cu.m. The figures are based on data gathered during the 1991 mapping and drilling programmes and are probably the most relevant to the Faroes. The message of this review is surely that a great

n success has eluded the explorers in the southeast corner of the island?s offshore waters, it is likely that attention will turn to the northeast. The west of Shetlands region is vying for petroleum [...] licence rounds is an important weapon in the explorer?s armoury. The UK will open its 21st licence round next year but it is unlikely to include any acreage near the Faeroes. The 21st round is likely to be [...] recent research carried out by the group, ?indicates that the UKCS is at a critical point in terms of its international competitiveness because of the maturity of the basin.? The report also noted that

material and it is of paramount importance for Faroese authorities that the potential beneath the basalt is vigorously pursued. The Faroe Bank Channel When the area on offer in the first licensing round was [...] solution to exploring the geologically challenging part of the Faroe Shelf. In other words the main challenge is a gradual transfer of activity from the existing licenses in the southeast to the shallower and [...] 2004. Looking at the results from the 3 exploration wells, it may be appropriate to take a glance at the point of departure, when the licenses were awarded in the summer of 2000. The reason that these

As the evening drew to a close with the guests singing the national anthem with pride and passion, one had the feeling that this gathering on 18 February at the Danish Embassy was the occasion when the [...] A whole cross section of the Faroese community in the UK was represented. There were the war brides including Nicolena Prince whose story of coming to the UK was told in the book ?Karleikur undir krignum [...] being a social occasion the intention was that the evening should be informative for everyone. The talks and film about the future Oil Industry in the Faroe Islands certainly gave everyone food for thought

can only dream of. With the massive Clair oil field, 50 miles to the west of Shetland, coming on stream towards the end of next year, the BP led management at the oil terminal is confident that Sullom Voe [...] to come anyhow, and the more we could control and be part of the development, the more money we could keep in the community and create the facilities for the future.? Subsequently, the council?s representatives [...] Marter Since the first oil was pumped ashore, on the 25th November, 1978, from the new oil fields in the East Shetland Basin, almost 7.5 billion barrels of crude have been exported from the four loading

await the arrival of the Imam Mahdi, Hindus the reappearance of Krishna and Jews await the Messiah. Students of esoteric philosophy know this as different names for the same individual, Maitreya the world [...] even more shock. The man in 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 [...] hand with Mary towards the church building. In clear Swahili without any trace of accent the man said that the people of Kenya and especially those present were especially blessed. The man said "We are nearing