many of the benefits of oil developments without many of the less acceptable aspects.« »One of the big advantages here was the creation of the terminal on Flotta, a small island well away from the main [...] living on the tiny island of Flotta - when news broke that Orkney was to benefit from a massive oil boom. To taste a flavour of the mood in the islands, look no further than the film Local Hero, a huge hit [...] been lit by a dramatic orange glow for the past 25 years - a sight as familiar to residents as the stars that fill the clear skies above the islands. Islanders treasure the winter spectacle of the aurora borealis

Jeremy Cresswell There can no longer be any doubt about the success of this year?s pioneering offshore drilling campaign, thanks to the determination of Amerada Hess and other members of the Faroes Consortium [...] hence the note of disappointment in Elttur?s announcements about the BP and Statoil wells. But an immense amount of valuable information was obtained from both ? the kind of data that could make a real [...] with the Amerada Hess news. Subject to a wholesale collapse in the price of oil this winter, it looks as if FK can look forward to a favourable reception when its shares begin trading ahead of the second

smaller. Accordingly, a relatively small scale of activity has had a large relative effect on Newfoundland. In the Faroes, with less than one-tenth of the population of Newfoundland (about 47,000, compared [...] compare the effects on Norway and Newfoundland. In Norway, the contribution of the petroleum industry to the national gross domestic product (GDP), after decades of activity, recently peaked at about 25%. [...] addition of a new, petroleum, industry to the Newfoundland economy. Rather, there has been a transformation of an increasing part of the Newfoundland business sector to global competitiveness. These companies

allastaðni. "The light came through the window, straight from the sun above, and so inside my little room. There plunged the rays of love. In streams of light I clearly saw. The dust you seldom see. Out of which [...] My room, it looked the same - But there was nothing left between, the nameless and the name. I'll try to say a little more: Love went on and on. Until it reached an open door - Then Love itself, love Itself [...] me to the corner now, our steps will always rhyme. You know my love goes with you, as your love stays with me. It's just the way it changes, like the shoreline and the sea. But let's not talk of love or

remains on ice, having been stopped a year ago. Just now, Mobil is out there on the Frontier, working with the Jack Bates, a deepwater capability semisubmersible which the oil company summarily dumped a few [...] litigation. The Bates is close to the new boundary and started the 214/4-1 well on April 26. Wood Mackenzie says of the quest: »The operator is believed to be targetting a sizeable gas structure to the north [...] operations on their fishing grounds. The fact that only one dissenting voice was heard when the Faroese parliament debated the terms of the agreement means the deal must have been fair to the fishing industry