interest in having oil activities based in the Faroes is very much linked to exactly this agreement”. The situation has been that both the UK and the Faroes have each in their own way implemented a so-called [...] 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. [...] 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

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 within [...] energy combined with new technology can achieve the objective of a sustainable society. If all goes to plan the first windmills will be erected on Nólsoy in 2009. Other steps have also been taken within [...] 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 within

Sveinn Jónsson Iceland On the 11th of June in 1988 about six thousand peoplewere gathered together in a religious gathering by the Bethlehem church in Kawangware in Nairobi, Kenya. Mary Sinaida Akatsa was [...] people and waved their hands. A tall man in white clothes and having a beard suddenly stood among them. The man walked hand in hand with Mary towards the church building. In clear Swahili without any trace [...] bring a 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

There was a great buzz about the place back in 1978. When I arrived first there was a lot of construction work going on; such as earth moving, civil construction work, laying the foundations for a lot of [...] where you can often be on a bus or a plane and you do not know anybody. ?We have also become a much more outgoing community and I think for the better of it. People have been actually come to live in Shetland [...] created a prosperous society that enjoys one of the highest standards of living anywhere in Britain. A unique partnership between the industry and the local authority has secured the islands a steady stream

into being? They were once Elves. Taken by the Dark Powers in the First Age -tortured, mutilated ? a ruined and terrible form of life, -bred into a slave race." Sauruman Tað er ikki annað at siga, enn at [...] "The Ring was made in the fires of Mount Doom only there can it be unmade. It must be taken deep into Mordor, and cast back into the fiery chasm from whence it came" Elrond frá "Ringanna Harri" um Ringin [...] enn. Lord of the Rings ? The Two Towers. Frumframsýndur 18. desember klokkan 24. - Havnar Bio. New Zealand/USA 2002. 180 minutttir. Leikstjóri: Peter Jackson

data major structures can be imaged beneath the basalts in certain parts of the Faroe Shelf. Hopefully, the work performed within the 9-year licenses and the SINDRI project can assist in maturing these structures [...] pitfalls. There is a need to approach exploration in the Faroes with an open mind in order not to preclude opportunities from ever being discovered, and this also implies that there is a need to look both [...] element when enhancing the geological understanding of a new area is the question of openness and data exchange. To a certain degree this also has happened in the Faroese region. The Faroese authorities appreciate

included in a single round at a later date, said a government oil and gas official. ?We included acreage close to the Faeroes in the 19th licence round. We need to do more environmental work in the area [...] 21st round is likely to be a mopping up exercise mature areas not taken up in the previous 20th round and a batch of assets in the gas prone southern North Sea basin. Acreage in the West of Shetlands and [...] But, ?increased economic activity in the islands resulting from the development of a new industry could provide employment opportunities for younger age groups?. In the UK, an increasing cause of friction

months. If we see hydrocarbon production on the Faroe Shelf in the future, the local industry will also face a new challenge with a marked increase in activity. According to the Faroese hydrocarbon act, all [...] invited back this year. Last year we were on the brink of a new industry in the Faroese context. Today we have three exploration wells behind us and a lot of experience which I am looking forward to hearing [...] conference. We have established that our 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

authorities in the UK can?t afford, like ? a network of welfare centres, which are effectively old folk homes, built in Shetland?s more remote areas to allow vulnerable people to stay in the community; ? a network [...] He sees a good chance that some of the oil may come Shetland?s way, particularly if a »critical mass of discoveries« can not been made to justify the construction of a similar oil terminal in Faroe. »If [...] island community ? namely a landfall for oil from the huge fields in the East Shetland Basin ? rather than the islanders longing for the influx of a completely new world. In fact, considerable concern

formed in 2000, did its first deal in June of that year buying TotalFinaElf?s 49% interest in the Caister gas field from operator Conoco. A second deal between the same two companies was completed in December [...] buying producing assets in the southern gas basin. In January 2001, Roots acquired a 50% stake in the Audrey gas field from Centrica for an undisclosed sum. The company?s aim is to be a very low cost base player [...] them. At Offshore Europe in Aberdeen in September the industry also discussed new types of ownership contracts to help release blockages in the current contract system and allow new ways of combining to extract