Icelandic oil company with licences in the UK, Denmark and Faroes. In the UK an oil discovery was made last year which will be appraised with three wells this summer. Oil production is scheduled for 2008/2009

was founded in 1999. Now, new challenges are ahead of us. The Statoil explorations well “Brugdan” last year, unfortunately, failed to show any large quantity of oil and gas, but, anyhow, now we possess

góvust skipini eisini. Men so var tað, at vit vóru komnir fitt út í oktober, og vit høvdu bert hálva last. Tá helt eg tað vera vert at fara at royna eitt sindur norðari. Hetta dámdi als ikki manningini, sum

vaknaður við kaldan dreym! Trolarin var enskur, og hann kallaðist Soranus. Hann var á heimveg við fullari last. Hann vildi sleppa at seta manningina av í Føroyum á leiðini heim. Hetta vildi Sofus, skiparin, ikki

við. Teir fiskaðu út fyri Arsuk í Suðurgrønlandi, og seks vikur seinni komu teir heim við fullari last. Seinni gjørdist hetta ein av møguleikunum hjá línuskipunum. Í seinnu árum keypti hann Vørðuna, sum

stutt norður úr Hammer Odde á Bornholm. 178 kavingar Fu Shan Hai hevði eina stóra last av handilstøðum og eina stóra last av tungolju á longu leiðini til Kina. Tá skipið sakk, gjørdist trýstið í dýpinum

FIE was the organizer behind the successful event Funky Faroe Islands, which took place in London last fall. This was a marketing showcase aimed at introducing Faroese musicians and fashion designers to [...] 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.

Yitzhak Rabin. It was very easy to become entranced by the obvious charisma, when Mr Clinton, as the last of a long line of world leaders – among them Mr Arafat, Mr Peres, Mr Putin and Mr Ahtisaari, entered

the Faroes will have all the energy needed supplied from this green source. Globalization In the last years we have seen Faroes companies grow and develop internationally. The fishery has always been [...] strong culture with especially the musical scene showing great world potential. Faroes has over the last three decades grown form being at small remote polity close to the North Pole into to being a strong

sold two thirds of the shares in the publicly owned bank, Føroya Banki, and are planning to seld the last third quite soon. We are also going to privatise the airline, Atlantic Airways, the life insurer, [...] building up our own foreign service with four re­presentations abroad – where the fourth one opened just last weekend in Reykjavík, the capital of Iceland. We are approaching the wider world, not least the EU