one of the last unexplored regions with great potential. The staff in Sagex has decades of considerable expertise on the Jan Mayen Ridge. When the Icelandic part of the Jan Mayen Ridge is opened for exploration [...] in two licences in the Norwegian Barents Sea, and one in the Norwegian Sea. In Denmark the company is operator for one licence in the North Sea. On the UK Continental Shelf, Sagex is partner in a discovery [...] with the declared aim of pursuing exploration opportunities on the Jan Mayen Ridge. The Jan Mayen Ridge is a micro-continent with the same geology as eastern Greenland and offshore Mid-Norway. It is one

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lism? Far from it! Wealth is visible in the amount of new houses being built, in the size and the age of cars cruising the highway-like road network, and is expressed in the general upbeat and enterprising [...] ure, which is being developed in the North and West of Shetland, is located to the prospective oil province on the other site of the border between the UK and Faroe. Former Sullom Voe Oil Terminal manager [...] this year is well up, and much of that is thanks to oil-related offshore activity.« »There is more emphasis now on these areas, especially with the turmoil in the Middle East. The Shetland and the Faroese

material and it is of paramount importance for Faroese authorities that the potential beneath the basalt is vigorously pursued. The Faroe Bank Channel When the area on offer in the first licensing round was [...] solution to exploring the geologically challenging part of the Faroe Shelf. In other words the main challenge is a gradual transfer of activity from the existing licenses in the southeast to the shallower and [...] 2004. Looking at the results from the 3 exploration wells, it may be appropriate to take a glance at the point of departure, when the licenses were awarded in the summer of 2000. The reason that these

and it is not just a question of luck or coincident that the Faroe Islands suddenly get huge world-media coverage. It turns out that the origin of the recent flood of stories is to be found in the cancelled [...] cooler than New York if they market them selves the right way. Now it is our turn. The Clinton visist is an opportunity to draw attention to our country and create opportunities to tell the good stories [...] visited the islands 10 years ago when a Faroese orchestra was playing some of his violin sonatas. Back then he had never heard of the place, the Faroe Islands were a totally unknown entity in the United

n success has eluded the explorers in the southeast corner of the island?s offshore waters, it is likely that attention will turn to the northeast. The west of Shetlands region is vying for petroleum [...] licence rounds is an important weapon in the explorer?s armoury. The UK will open its 21st licence round next year but it is unlikely to include any acreage near the Faeroes. The 21st round is likely to be [...] recent research carried out by the group, ?indicates that the UKCS is at a critical point in terms of its international competitiveness because of the maturity of the basin.? The report also noted that

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The main organiser behind the Faroese National Stand at Offshore Northern Seas 2008 (ONS) is the public organisation SamVit – Faroe Islands Enterprise, which is a new organisation resulting from the merger [...] merger between the former Tourist Board and the Trade Council. SamVit is to carry out the chosen national trade policy. The main functions of the organisation are to encourage innovation and enterprise [...] location is important for the shipping industry on its route between Northern Europe and North America. Therefore, in addition to marketing the services offered by the private and public companies at the stand

around 40% of the produced electrical power. The great opportunity seams to be in utilizing the power from the sea. The idea is to use the power waves give when they reach the shore, a process the company Sewave [...] the Faroes are proven to be the safe haven on earth, according to statistics, it has the lowest crimerate in the world. If we look at violence, the picture is the same. Natural balance Faroes is one of [...] y. The Faroes not only have the oldest parliament in the world, but the heart of political power is still at the same place. The Faroes has been a very remote society without much contact with the world

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 [...] 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, people across the islands were [...] Orkney 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