authorities in the UK can?t afford, like ? a network of welfare centres, which are effectively old folk homes, built in Shetland?s more remote areas to allow vulnerable people to stay in the community; ? a network [...] He sees a good chance that some of the oil may come Shetland?s way, particularly if a »critical mass of discoveries« can not been made to justify the construction of a similar oil terminal in Faroe. »If [...] island community ? namely a landfall for oil from the huge fields in the East Shetland Basin ? rather than the islanders longing for the influx of a completely new world. In fact, considerable concern

ended with a year in which the price was down to under $10 a barrel at the beginning at up to more than $26 by the end but hopes were high that the new Millennium would bring new prosperity. A step towards [...] house if you can, I?m off.? Rear window stickers appeared in cars all over the city pleading with the Almighty for a second oil boom and promising, in less than reverend terms, not to waste a second opportunity [...] industry workers choose to make their homes in the Faroe Islands and push up the prices in the same way as happened in Aberdeen forcing them beyond the reach of most of those not involved in the industry

died in a traffic accident. A setback of a magnitude hard to grasp on our latitudes where the social safety net is supposed to catch everyone and ensure that we all get the same opportunities in life. [...] moved to Oxford, then Yale. This paints him as a rather atypical young man with ambitions in a country where a military career often is a gateway into the halls of political power. He was determined to rule [...] age of flower power and might have given in to the times once or twice, smoked a joint and perhaps participated in a protest march, you are capable of governing a world power responsibly. Furthermore, nobody

interest in having oil activities based in the Faroes is very much linked to exactly this agreement”. The situation has been that both the UK and the Faroes have each in their own way implemented a so-called [...] Faroes, the Nordic countries, of which the Faroes and a partner to, are working on a new multilateral tax agreement, which is intended to come into force in 2010. [...] Oil companies have for a long time being looking for a clear-cut taxation situation between the Faroes and the UK. A dual tax agreement has now finally been agreed between the two countries, and this will

said in a statement. ?Establishing that the Faroe Shelf holds a working petroleum system is however positive and considerably improves our expectations to finding oil in commercial quantities in the future [...] (6005/15-1) was drilled this summer in licence area 003, 130km southeast of Faroes to a total depth of 4000m, terminating in Paleocene sediments. Rolf Magne Larsen, who is in charge of the Norwegian company [...] commercial oil. However, identifying traces of hydrocarbons in the first well must be considered encouraging for future work in the area.? Stakeholders in the Longan well are operator Statoil (35%); Phillips

the Faroes both have comparatively new governments in office. We also have conciderable economic interests in common. I hope your appointment can mark a fresh start in our discussions about oildelimitation [...] between friendly neighbours. I whery much hope, that we shall be able to work together. With every good whish for your time in government.? Robin Cook

who also have a share in Supply Service, and through them we have access to a large amount of knowledge in this field, and this is a great advantage. If we are to establish ourselves in an oil industry [...] which come in addition to the international demands. – They have for example a special duty on NOX. This means that a maximum has been set for how much detrimental waste can come from a vessel. In practical [...] terms, this means that a badly polluting vessel must pay so much in duties, that it is not competitive, thereby excluding itself from working in a Norwegian oil industry. He says that in Norway this duty is

are quite optimistic in their views that oil will be extracted from the Faroese CS. They are preparing themselves for a possible oil industry in the Faroes. Atlantic Supply Base in Runavik has been an active [...] active participant in the exploration drilling that have been made in the Faroes since 2001, i.e. 5 wells. ASB was founded in 1999. Now, new challenges are ahead of us. The Statoil explorations well “Brugdan” [...] says Eli Lassen. It is very important to be able to offer good conditions when a rig owner sends a rig for repair in a short/long period of time. The Oil Companies want sheltered water, and there is no