course we are all very excited to hear what a man, who has had the ultimate responsibility for the world’s most important and most difficult decisions, has to say to the people of the Faroe Islands. He will [...] considering his laden wallet that petty change is probably not why he is visiting. He has a story to tell. And a man who has been sparring with Al Gore for eight years should be able to convey a message to [...] the White House steering wheel is no average Joe. In addition to a good head on his shoulders, he has to wield a will of steel, be cunning and along with visions and ideals he must have the unshakable

the preparation of the Faroese oil era, has been to ensure a true and genuine Faroese involvement in the hydrocarbon activities. The wish for Faroese involvement has not (only) been a matter of ensuring a [...] negotiations with foreign parties. DANIA Law Firm has offices is Copenhagen and Svendborg in Denmark, Nuuk in Greenland and Moscow, Russia. Further, the office has legal staff in Copenhagen that provides legal [...] share of the economic benefits from the oil-industry to remain in the Faroes, but more importantly has been based on the wish that the Faroese society, through the active involvement with the oil-industry

In the Faroes not a single drop of oil has been produced yet, but this situation has not prevented income from large oil revenues. In total the Faroese society has made app. 200 million kroner directly [...] objective is to support scientific research within the oil industry, included in the overview. It has to be said that several of these projects are being conducted at foreign institutions and universities [...] generated. Therefore we are talking of a minimum amount of 200 million kroner, which the Faroe society has gained from oil exploration. The actual amount is somewhat higher than this.

Music has always played an important role in Faroese society. The interest in music might be greater here than anywhere else in the world – this may be a result of the times we live in or the nature s [...] Local bands such as Boys in a Band and 200 have played at internationally recognized festivals. Teitur has taken the title of Best Male Singer at the Danish Music Awards, and Eivør won Best Vocalist and Best [...] Islands Enterprise, which is to carry out the chosen national policy regarding trade and industry, has supported the Faroese music scene for a long time. However, in 2005 the public institution allocated

Bjarni Djurholm had the following comments regarding energy and hydrocarbon issues: “A general debate has been on a proposed new energy policy, and a new power legislation Act was passed during the last sitting [...] Nólsoy in 2009. Other steps have also been taken within the energy area; for example a work group has been formed with representatives from Iceland to determine the feasibility of laying a power cable [...] Later this autumn, drilling will begin upon a sixth exploration well in our waters and an agreement has been made on a seventh well drilling within the next two years. Preparations for a third Faroe bidding

complete service to the large oil companies. Oil activities Since the company was founded in 1999, it has seen continual development and over the past few years accumulated in-depth knowledge and extensive [...] equipment at competitive prices. ISO certification Since the last oil exploration activities, ASB has improved its services even more. They now hold ISO 9001:2000 certification from Det Norske Veritas [...] This certification requires among other aspects, a customer satisfaction survey, and to date ASB has received very good recommendations, says Mr Eli Lassen, CEO. -“We strive to have satisfied clients

is but another evidence of this remarkable and heartening trend. Our country has launched upon an ambitious program, which has come to be known as Vision 2015. The goal is to enable the Faroe Islands to [...] our indomitable nature. It rises out of the sea some 2500 feet and has withstood the onslaught of the sea for untold eons. Our society has experienced severe challenges, from the Black Death to economic chaos [...] governmental, but also among business and ordinary citizens. We are a country at a crossroads. Our wealth has flowed from the bounty of the sea for centuries. Ever since our first fishing schooners took to the

oil industry has created a prosperous society that enjoys one of the highest standards of living anywhere in Britain. A unique partnership between the industry and the local authority has secured the islands [...] in February 1978 when construction work was at its peak. Originally from Dover, he has made Shetland his home and has been employed at the terminal for the last 25 years. He said: ?There was a great buzz [...] island community that has seen its population rising from around 16,000 in the 70s to just over 23,000 in the mid nineties. Council convener Sandy Cluness said the arrival of oil has transformed Shetland

were awarded and a major part of the commitments has been performed already, notably 3 of the 8 firm wells were drilled in 2001. This year no well has been drilled in Faroese territory, but next year Agip [...] Shetland, where oil in large quantities has been discovered in certain geological formations, notably Paleocene sections. One of the experiences the industry has made West of Shetland is to identify certain [...] lessons have been learned. For instance that relying too heavily on analogies from West of Shetland has its pitfalls. There is a need to approach exploration in the Faroes with an open mind in order not

Shetland and its way of life succeeded. The community has probably won the best deal possible and certainly, the best deal any small community has ever struck with the almighty oil industry. Summarised [...] Shetland has been secured for at least another 20 years. Simplifying the complex structure of payments - and their reinvestment - made by the oil industry to Shetland Islands Council, Shetland has today (November [...] it comes to the prospects of handling future oil from the Faroese sector. Fact is that the terminal has received a major £50 million overhaul this summer. Talking about the future, Mr Grant said earlier