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Faroese society has made app. 200 million kroner directly from the oil industry, since oil exploration efforts begun seven years ago It pays to explore for oil. This is absolutely clear if you look at the income [...] special nature, which possibly can be compared to the work done by the oil companies in connection with the Faroe area. Expenditure of that work is not calculated as an income for the Faroe society. It
production site to deal with the many issues. This situation requires both transport and accommodation onboard the production platforms involved. By linking these two production units with cables and tying into [...] paper wrote that in connection with the 800 kilometre cable project between Scotland and the Faroes, Føroya Tele intended to link the Scheihallion- and Clair oilfields with the SheFar-cable. Sosialurin [...] FøroyaTele, the largest telecom company in the Faroes, is about to sign a contract with one of the world’s largest oil companies British Petroleum or better known as BP. This is a five-year contract and
Skalafjord is very good. When tenders were invited for the supply port, several ports offered their services, but the Oil Companies chose Runavik. This means that foreigners and people with knowledge of the [...] Skalafjord. - We have now six years of experience with supply base service, and the Oil Companies who have done there exploration well’s, have been well satisfied with our service, so I do not think there is any [...] this is because Chevron has found good and light oil only 8 km from the Faroese/UK border. The question is, of course, whether the oil found on our CS is of sufficiently good quality to extract, says Eli,
been fierce since they founded the company thirteen years ago, but this is due not least to the many good staff they have acquired, he adds. Two new seismic supply vessels The Thor fleet today counts 24 vessels [...] important for a company like Thor to participate at such conferences as the company is active globally with most of its activities outside of the Faroes. At the moment, app. 500 people are employed by the Thor
tourist numbers started rocketing. The fact that people could get in contact with the local people in this way, along with the slightly primitive image the Irish projected, has led to a lucrative tourism [...] people.” Ecotourism is one of the fastest-growing forms of tourism today. With all the unspoiled scenery in Faroe Islands, and with tourist numbers increasing every year, it is of utmost importance that we [...] less of mass tourism, there is more unspoiled territory to explore. We Mustn’t Throw the Baby Out with the Bath Water So in a way, the Faroes sell themselves as a tourist destination, but since we have
of this, of course, when I first arrived with my wife some eleven years ago. Friends offered only that the archipelago was remote and gloriously peaceful with a pleasant, maritime climate, not too cold [...] ed to say the least with all sorts of trade tariffs in place. Thus entereth a smart Danish businessman resident in the Faroes who wangled a Royal remit in 1766 to transport goods from America for „temporary“ [...] Faroes. The goods were then later transshipped in Tórshavn harbor and brought into British ports duty free. This was a time of unprecedented prosperity in the Faroes. Tórshavn harbor was alive with activity
it still comes with a touch and respect of nature, and when you feel the natures power here in the North Atlantic, you don’t ask why. So what you might say is that the Faroese are born with the respect of [...] much contact with the world. The Danish colonial rule did not much to help that situation. This has resulted in a distinct culture and language. But it also meant being out of touch with the rest of the [...] population with a lot of data going many years back in time, it might become very interesting for genetic projects, and maybe especially in the newer field of epigenetics. Development is connected with ressources
for faroese fish products.Generally the market was favourable with high prices, which the european markets generally could not compete with. Both the faroese fish industry and the faroese society benefited [...] the US fish market is attractive and offers good opportunites for faroese fish exporters. Personally I dont understand why faroese importers of general goods such as timber, building materials, cars, grains [...] coming years. Of course Faroes is a small market with an annual import value of USD 1 Billion, but personally I would welcome more US initiatives with trade missions, cultural visits and increased political
airport both with the aim to modernise it and to increase its capacity with a longer runway and a larger terminal. The Faroese government acknowledges that the world is getting smaller with all the well [...] before you actually hit it with the drill. Let me now, ladies and gentlemen, reassure you that I will not dive further into the technicalities, as it would neither do you or me any good. We will in the next [...] Finnish population actually has a higher degree of education than the Faroese. Infrastructure is good with subseatunnels and bridges connecting six of the islands whith over 80 % of the population. Moreover