glow 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 [...] calculate. The sums involve the wages paid to staff and contractors over the years, the service industries that benefit from oil-related work and the dues Orkney?s Harbours Department charges the tankers [...] many of the benefits of oil developments without many of the less acceptable aspects.« »One of the big advantages here was the creation of the terminal on Flotta, a small island well away from the main centres

Wilson 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 [...] arranged. As well as 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 [...] 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

that the Norwegian StatoilHydro is the most active oil company in Faroe territory. StatoilHydro has been the pioneer in several areas in the Faroes and was the first operating company to drill in the Faroes [...] in the Faroes? -“The Brugdan drilling was the very first so-called basalt drilling in the Faroes. Approximately 90 % of the Faroe area is covered by basalt, so if we are to continue to work in the Faroes [...] necessary to resolve the “basalt problem”. The great challenge with basalt can be divided into two separate parts. The first is to “see” properly through the basalt with seismic data and the second is to drill

programmes will be placed in the hands of the practiced professionals from the Foreign Office who will do everything to ensure that the visitor leaves with the best impressions of the host country. They will [...] by Louis Wilson In the early years of the century the threat was all too visible to the Faroese. Large fleets of British steam-powered trawlers could be seen crowding the fishing grounds right up to a [...] mere three miles away from the shoreline. The effect was to squeeze Faroese inshore fishermen (útróðrarmenn) out of teir home waters. Later on in the 1960?s the Faroese took the long overdue step of extending

course, to the country’s Vision 2015, the hope and dream that the Faroes will become one of the most progressive nations of the world by 2015. A bit audacious some might say, but I for one am the eternal [...] was indeed and the more I went about the country, and the more cups of coffee and sweet cakes I savored, the more I began to notice and appreciate that remarkable indomitable spirit of the Faroese bubbling [...] practical. The United States as well is well known for its practical nature and everyone knows that teamwork and practical colla­boration is the spirit of the age these days, but the Faroese and the Americans

Then followed the long grind to get legislation finalised and onto the statute book, the decades-long boundary dispute with the UK settled, and the first licensing round launched. The last mentioned and [...] achieved in the first |Faroes campaign is smack on the global average. The trick now is to multiply that success several times over during the next two to three years, convert the discoveries into commercial [...] analyse the results of the three-well programme just completed. The conclusions drawn will be critical to the intended 2002 schedule, not least because they will significantly influence where the next tranche

also typifies the trend in a way. The company sold off its North Sea interests in 1988 but returned to the province by buying half of Shell?s 4.357% interest in the Elgin/Franklin fields. The number of niche [...] executive, hoped to be at the helm of the first Scottish company to go for an IPO (initial public offering) in 2001 but the plans to list on the New York Stock Exchange were shelved as the OSX oil services index [...] acquired than be bought over. The record of expansion saw the share price double in a year prior to the post-September 11 volatility in the market. In October Abbot completed the acquisition of Deutag of Germany

excitement in the air this autumn with the drilling of the William well in October and the third licensing round being prepared, and probably announced later this year. ”We hope that the increased activity [...] attract many visitors to the Faroese national pavilion,” is the message from the organisers. About SamVit - Faroe Islands Enterprise SamVit - Faroe Islands Enter­prise is the name of the two merged public o [...] International, Virkisráðgeving, Vagar Airport and the Port of Runavik. To many of the companies, Offshore Europe is among the most important events of the year, and a great opportunity for them to showcase

forty percent of the people in the Faroes. Oil industry activities The objective for the participation of the Port of Tórshavn and their former participation at ONS is largely to support the companies par [...] The Port of Tórshavn is once again a participant at ONS this year, as was the case the foregoing years. They will represent both Tórshavn as a town and as the Port of Tórshavn, which is the direct gateway [...] gateway to the Faroes Apart from Tórshavn being the geographical centre of the Faroes, with over forty percent of the population residing there, Tórshavn is also a key junction area for the Faroes, regarding

and the problem with the collation of knowledge is very often that the registration method is too complicated for the common user. The Keel Solution system is quite user-friendly. For example, the system [...] advantages, but the danger is that the market is not familiar with the product. Experience shows however, that if we are presented with the opportunity to explain/demonstrate the system, the interest is large [...] knowledge in the various ventures be utilised in the most effective manner. -Drilling platforms can use over 60.000 various components in their construction. The people who build the platform are not the same