closely with our Scottish Islands colleagues on a wide range of matters of common interest but too seldom do we get the chance to visit each other and see what is happening on the islands. This annual joint [...] following the initital meeting last year in Torshavn. I believe the visit marked a number of firsts including the first time a Prime Minister has officially visited our islands and the first ever joint meeting [...] løgmaður og ráðsformenninir fleiri støð, ið høvdu týdning fyri, at menningarætlanin gerst væleydnað, m.a. Arnish ídnaðarøkið og Lews Castle College, ið er partur av UHI (University of the Highlands and Islands)

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2000 as a basis for building up a 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 [...] 1998 and 1999 would be able to cash a return of around 110 thousand DKK if he sold his shares this year, a healthy return by any standard. The company was founded with a share capital of DKK 25.5 million [...] marked a significant develop­ment in the organisation of the Company. Meeting the require­ments for full transparency in all company matters has been a welcome challenge and all information is now readily

exploration is a long term activity with great uncertainties. Sosialurin has been following this activity for about 30 years and it is our hope that there will be plenty for us to cover over the next 30 [...] with Statoil as the operating company, was a dry hole. The William Prospect with BP as operator is set to spod later this year. It will be interesting to see what the William well might uncover. In the meantime [...] Faroese Shelf. Sosialurin, founded in 1927, is the biggest newspaper in the Faroe Islands. Sosialurin has focused on the Oil and Gas industry for the last 30 years and is therefore the leading distributor of

The question is being asked 'why is Statoil remaining in the Faroes for hydrocarbon exploration after drilling two dry wells?' Statoil answers this on several fronts. First it is a 30% partner in the exciting [...] undergoing a three well appraisal programme. As the latest press release indicates the field's third well (205/1-1) has just been tested and produced hydrocarbons at the rate of 6,000 barrels a day. In addition [...] in the Faroes offshore, an unexplored frontier area, a large area remains more speculative between these data points. To gain better insight to what these areas may contain, Statoil, Jardfeingi and other

The company is providing offshore services all over the world, so there is nothing strange in this situation. To Aberdeen to meet friends Asked what errands they have at Offshore Europe 2007, Mr Joensen says [...] our cooperation partners”, he says. It is rare to sign new contracts at a conference, but a conference can lay the basis for coming activities. Thor has become a provider of services in its field and according [...] vessel, which is expected to be ready in mid-September next year is expected to cost app. DKK 80 million. Mr Gunnbjørn Joensen says the Thor Alpha will set course directly for Mexico when it is ready. The

already is, a priority for Faroese tourism in the future. All in all – we can expect a great increase in the number of tourists over the next few years, so we must prepare. That is exactly what we’re trying [...] how to get attention in a way that is not too costly. We have to rely heavily on editorial mentioning, so we work very hard to build up a contact network with journalists all over the world that might be [...] of the organisation. Unspoiled Territory to Explore What advantages do the Faroe Islands have as a travel destination? The fact that our country is a small archipelago in the middle of the big ocean in

it is an important part of Faroese identity, of our brand as a nation and as a business opportunity. It is our main function to encourage innovation and enterprise, and that includes encouraging a growing [...] already active on the US market. An example of this is Teitur, who has had over 150 shows in the US in the last few years; and this is something to build on. [...] and Best Album at the Danish Folk Music Awards. This is just to name a few. The public institution SamVit - Faroe Islands Enterprise, which is to carry out the chosen national policy regarding trade and

Presidency of the United States. However, behind a great man very often stands a great woman it is said and in your case there can be no doubt that this is a fact. We hereby wish you to convey our greetings [...] the Faroes. That you have taken the time to come to our tiny far-flung country is a sign that what often seems impossible is possible, if just the will, ability and effort are present. You will know this [...] if she is successful in her endeavour to become the first female President of the United States or not, she has already become an inspiration and role model for women all over the world. It is women like