Embassy was the occasion when the Faroese community in the UK has come of age. John Rajani the newly appointed as representative in Britain had invited Faroese people living in the UK as well as those with [...] been made in Faroese waters. And one can only be impressed by the preparations that have already been made. To take one example the achievement in drawing up a whole new body of law to regulate the operations [...] animated. A whole cross section of the Faroese community in the UK was represented. There were the war brides including Nicolena Prince whose story of coming to the UK was told in the book ?Karleikur undir krignum

not taken up in the previous 20th round and a batch of assets in the gas prone southern North Sea basin. Acreage in the West of Shetlands and east of the Faeroes Islands will be included in a single round [...] point in terms of its international competitiveness because of the maturity of the basin.? The report also noted that increased production volumes do not match projections of investment growth, with the offshore [...] drill in the far north east of the UK northern North Sea on the Ben Nevis prospect, showing that the appetite for drilling the regional hotspot is undiminished. Drilling in 2002 has not produced the breakthrough

It has to be hoped this is not the fate of the Dooish well drilled by Enterprise (now part of Shell) in the Irish portion of the Rockall Basin this year. While Enterprise/Shell has disclosed the bare minimum [...] 170m in Palaeocene sediments. Located in 950m of water, close to the UK/Faroe boundary in the White Zone, the well was drilled to a total depth of 4275m in a deepening operation, after reaching the commitment [...] they be there? Will there be a sealing mechanism to contain the hoped for prize? The Marjun success represents a one in three hit rate for the Faroes. This is good for the European sector of the Atlantic

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 attitude of a successful [...] the desolate state of the economy of the UK and the central government?s hunger for oil revenues that put Shetland in a comparatively strong negotiating position with the oil industry. After all, the oil [...] techniques and the development of oil fields to the West of Shetland, the presence of the terminal in Shetland has been secured for at least another 20 years. Simplifying the complex structure of payments -

than be bought over. The record of expansion saw the share price double in a year prior to the post-September 11 volatility in the market. In October Abbot completed the acquisition of Deutag of Germany [...] 1988 but returned to the province by buying half of Shell?s 4.357% interest in the Elgin/Franklin fields. The number of niche players are likely to increase as the UK Government attempts to encourage oil [...] facing the prospect of being bought particularly by American players. Sir Ian Wood, chairman and chief executive of the John Wood Group, has continued the remarkable programme of growth of the private

30,000 in 1901 to just 17,000 in 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 [...] aspects.« »One of the big advantages here was the creation of the terminal on Flotta, a small island well away from the main centres of population. That meant that the massive disruption during the construction [...] 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 crucial

because of the oil industry and the challenge for the Faroes, if oil is discovered in its waters, will be to capitalise on the opportunity yet retain the unique charm of the islands. Aberdeen and the North-east [...] dependent on the daily fluctuation of the oil price and the Faroes Islands must carefully balance the huge opportunity which the industry can bring with the retention of the islanders? core values and the very [...] very special atmosphere of the islands. The first gas was discovered in the North Sea by BP in their West Sole Field in 1965 and two years later Amoco found the first oil in the Arbroath field. It was 10 years

side of the Faroe-Shetland Channel in 1977. While that event went unnoticed by the average Faroese, it registered in the corridors of power, both in Thorshavn and Denmark, which still rules the islands [...] inconclusive traces of oil mixed with water in the Lopra-1 experimental well drilled in the early 1980s. Geological mapping of the islands started in 1938 and, among the very earliest surveys known to have [...] from the Clair find through to the ?90s is almost non-existent. There are not even references to the period in the 1993 Report of the Faroese Hydrocarbon Planning Commission to the Faroese Government. However

knowledge and the exchange of knowledge. That is at any rate the view held by the Danish company DONG, which, as a member of The Faroes Partnership, is participating in the drilling of the third exploratory [...] activities on the Faroe Islands since 1995, when the company, in cooperation with the Faroese authorities, was in charge of the preparation and drilling of an exploratory well on the island of Suderø, financed [...] financed by a number of international oil companies. The purpose of the well was to provide information about the Faroese subsoil and extend the knowledge already acquired by the Faroese Government itself

knowledge and the exchange of knowledge. That is at any rate the view held by the Danish company DONG, which, as a member of The Faroes Partnership, is participating in the drilling of the third exploratory [...] activities on the Faroe Islands since 1995, when the company, in cooperation with the Faroese authorities, was in charge of the preparation and drilling of an exploratory well on the island of Suderø, financed [...] financed by a number of international oil companies. The purpose of the well was to provide information about the Faroese subsoil and extend the knowledge already acquired by the Faroese Government itself