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 [...] locations. However 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 [...] of 6,000 barrels a day. In addition and importantly, the structure of the Rosebank-Lochnagar field is similar to large structures mapped by Statoil and its partners in the Faroes offshore. These constitute

Grikkaland - Victor Vernicos: "What They Say". * P ól land - Blanka: "Solo". * Slovenia - Joker Out: "Carpe Diem". * Georgia - Iro: "Echo". * San Marino - Piqued Jacks: "Like An Animal". * Eystur ríki - Teya [...] Teya & Salena: "Who the Hell is Edgar?". * Albania - Albina & Familja Kelmendi: "Duje". * Litava - Monika Linkyte: "Stay". * Avstralia - Voyager: "Promise".

November 30 th at 7 pm, an election forum in English will be held at Reinsaríð. The forum is organized especially for those who do not speak English, but we also welcome everyone who has an interest in integration [...] Faroes who have come through the Fast-Track program. However, what plans do the political parties have regarding migration and immigration? Who is responsible for good integration? How can we ensure that [...] program The audience will have an opportunity to ask the political candidates their questions. All the political parties are represented in the election forum. Everyone is welcome to attend. Útlendingastovan

of that work is not calculated as an income for the Faroe society. It is all a question of definition”, Mr Joensen points out. He stresses that the overview is only intended to highlight what incomes the [...] so it is impossible to see and record them. Neither is there direct or indirect incomes from the Sindri fund, which is a fund established by oil companies in the year 2000, and which objective is to support [...] oil. This is absolutely clear if you look at the income made by the Faroe society, linked to oil exploration in one way or another. Or more correctly, if we just look at part of these incomes. An overview

enskum eisini: An event for people with immigrant backgrounds will be held in Nesvík from the 5th to the 7th of October. This event is the first one of its kind in The Faroe Islands. It is organized by The [...] inspiring environment for meetings between families, where one or both spouses have an immigrant background. The program is tailored to be relevant and beneficial to families with immigrant backgrounds, and [...] backgrounds on their life in the islands, workshops on topics such as the small Faroese society and what it means to have more than one language at home, beginner-friendly hikes, a musical performance by

« he said. »There are so many parallels between what happens in the film and what actually occurred on Flotta and the sense of humour that comes across is very Orcadian.« [...] can be seen on clear nights from the Scottish mainland and is generated from waste gases produced as crude oil delivered by seabed pipeline is processed at the terminal. North Sea oil abruptly arrested [...] wanted to give Orkney a gift - and what better than a piano. Today, as the islands prepare to look back on 25 years of living with the oil industry, that Steinway grand piano is still being played. It?s not

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 [...] 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 [...] 2007 and is currently being completed. It should be ready to begin operations by mid-November, after it has been to the Danish town of Hirtshals to sandblasted and painted. The Thor Alpha is 55 metres

cultural event on the quayside in Stavanger, which hopefully will be an eye-opener for a larger number of people regarding the Faroes in an oil industry context. Close to oil areas As oil has become extremely [...] been satisfactory and our prices are lower than for example Aberdeen and Stavanger, it is thinkable we will see an increase in activity levels”, says Mr Østerø, in a comparison of the advantages of Rúnavík [...] -“We wish to retain, and hopefully increase supply base activities in the area. This is the main reason for our participation at ONS 2008. If we do not participate we cannot expect to gain anything, it’s

n. Section 4 income is taxed by 27% whether the business is run by a company or by an individual. This type of income is assessed independently (ring fenced), and the income tax is calculated of this income [...] company that is tax liable subject to the Hydrocarbon Tax Act only, pay tax on »derivative income« by 20%. C. Tax Rates. As is apparent from what I have outlined above, the tax liability is of great importance [...] Attorney-at-law I Introduction Income tax payment is part of everyday life for the Faroese people. Most Faroese taxpayers pay income tax as this is considered an appropriate way of financing the services that

provide a goal feast. And this is exactly what one feared when they scored from a penalty awarded in the first minute after some desperate defending by Oli Johannesen. But this is when the Faroese team showed [...] MEMORIES OF AN AUTUMN NIGHT IN HANNOVER Tonight at Torsvøll one must hope that the Landslið can carry on exactly where they left off last October in Hannover. They left the field in triumph as the whole [...] Tú Alfagra Land Mítt? that resounded through a now otherwise silent stadium. This was the climax of an unforgettable night of drama, spectacle and emotion. Here were the tiny Faroe Islands taking on mighty