consider, says the CEO for Supply Service. In this connection he adds that the vessels currently being built by Supply Service meet all the latest demands, are in excess in this respect of what is required [...] regarding safety and the protection of the environment and they demand knowledge of Nordic languages. It is possible to have the suspicion that some of the demands imposed are there to protect Norwegian interests [...] if it would be correct of the Faroes to set such demands for all vessels, as he thinks that the current existing industry should receive some years to adapt. – In the Faroes the oil industry is a new industry

Exchange in Iceland in 2005 and OMX Copenhagen Stock Exchange in Copenhagen marked a significant develop­ment in the organisation of the Company. Meeting the require­ments for full transparency in all company [...] Hoydal, Chairman of the Board, AP ------ The last year has shown very strong growth in Atlantic Petroleum, AP. This is well reflected in the trust shown by investors and the markets in the AP share. An investor [...] Islands and the second phase from 2001 to the end of last year. At this point in time the Company is prepared and ready to go into the third phase of its development. Phase One The idea behind the establish­ment

impartial defence of the rights of the weak and voicelesss. It seems strange to think that the unborn are now in serious danger of becoming the exception. I am alarmed to hear that the official working [...] not to abandon its position of neutrality with regard to abortion. I strongly urge the organization to see that the rights of all persons at all stages of life and in all places are recognized, upheld [...] concern about the current discussion on abortion in your organization and the fact that you are considering abandoning your position of neutrality. The organization is renowned all over the world for its impartial

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techniques and the development of oil fields to the West of Shetland, the presence of the terminal in Shetland has been secured for at least another 20 years. Simplifying the complex structure of payments - [...] desolate state of the economy of the UK and the central government?s hunger for oil revenues that put Shetland in a comparatively strong negotiating position with the oil industry. After all, the oil multies [...] something from the 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

to the rules applying to the Faroese International Register of Ships (FAS) that came into force in the beginning of the 90?ies and the rules of taxation on crew?s wages that came into force in the second [...] taxation on crew?s 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 [...] 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 question

30,000 in 1901 to just 17,000 in 1971. »One of the most important benefits of the oil era, and one often overlooked, is the way it restored confidence in the people of Orkney,« he said. »Until the 1970s [...] long after the day when the oil terminal finally closes. But the down turn in world trade since the terrorist attacks on September 11 could delay the creation of the terminal - so oil remains of crucial [...] for the past 25 years - a sight as familiar to residents as the stars that fill the clear skies above the islands. Islanders treasure the winter spectacle of the aurora borealis. But the source of this

significant numbers of oil industry workers choose to make their homes in the Faroe Islands and push up the prices in the same way as happened in Aberdeen forcing them beyond the reach of most of those not [...] because of the oil industry and the challenge for the Faroes, if oil is discovered in its waters, will be to capitalise on the opportunity yet retain the unique charm of the islands. Aberdeen and the North-east [...] dependent on the daily fluctuation of the oil price and the Faroes Islands must carefully balance the huge opportunity which the industry can bring with the retention of the islanders? core values and the very