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 [...] 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 [...] 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 before the first

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. But the source of [...] calculate. The sums involve the wages paid to staff and contractors over the years, the service industries that benefit from oil-related work and the dues Orkney?s Harbours Department charges the tankers [...] 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 centres

to the rules applying to the Faroese International Register of Ships (FAS) that came into force in the beginning of the 90?ies and the rules of taxation on crew?s wages that came into force in the second [...] taxation on crew?s wages. The objective of the FAS arrangement is that the shipping companies get refunded a part of the wages paid to their employees. The objective of the special rules for taxation [...] taxable. The hydrocarbon tax regime extend the scope of the ordinary tax liability to the Faroese Treasury so that everyone in the Faroese territory (e.g. sea territory, sea bed, subsoil, and the Faroese

voiced as regards to the impact the advent of the oil industry would have on the islands? pristine environment, the traditional economy, and the specific Shetland way of life, namely the islands? unique identity [...] payments to the SIC in the light of declining North Sea oil expectations. However, due to improve oil recovery techniques and the development of oil fields to the West of Shetland, the presence of the terminal [...] is being developed in the North and West of Shetland, is located to the prospective oil province on the other site of the border between the UK and Faroe. Former Sullom Voe Oil Terminal manager Gordon Grant

challenge for the authorities, the oil companies and the local industry. The large quantities of data which has been collected from the drillings this summer will be subjected to intense studies over the coming [...] were to be expected when you combine the traditional working methods of the oil industry with the stipulations of the hydrocarbon law and the expectations of the local business community. Let me first [...] countries is the need for evaluating the activities as we progress. There have been two meetings recently where lessons learned were on the agenda. In addition the Ministry of Petroleum will meet with the oil companies

? ikki minst ? seta svarleysar spurningar: Though all the maps of blood and flesh Are posted on the door, There´s no one who has told us yet What Boogie Street is for. So kanska var tað eitt hugskot, um [...] avleiðing av hesi gongd. Saman við konu og soni hevði eg raggað mær niðan í Ítróttarhøllina at hoyra The Dubliners. Sum siður er, hevði eg tikið eina pisu við, og vit gleddu okkum til eina lítla musikalska [...] inn á pallin, kvikliga, við staccatokendum gongulag, ikki ólíkur manni, sum marsjerar í takt. Men The Dubliners eru musikarar, ikki hermenn, hugsaði eg og narraði eyguni mistrúgvin. Maðurin fór yvir til

even the sky is not the limit.« Annars leggur Valentin, eitt sindur burturfrá tí filosofiska prátinum, afturat, at hann ikki er vanur við, at vera staddur á oyggjum mitt úti í havinum. »...even the sky [...] fyrsta instrument, men tá hann var 15 ár, sá hann, fyri fyrstu ferð eitt blues band spæla. »Wow! This´s what I want to do« Hetta var í brasilska býnum San Salvador, á einum staði, ið kallaðist »Atelier«. Hetta [...] leggur seg eftir og hann fortelur frá hesi løtuni í »Ateliere« sum nakað heilt stórt. »Wow! This´s what I want to do«, minnist hann seg hugsa. Í San Salvado fór hann so, tá hann var 15 ára gamal, at ganga

sum eru frammi í dag, savnaðar saman á eini fløgu. The Lord of the Rings: The Fellowship of the Ring nú er ein nýggjur dvd-filmur komin út við Lord of the Rings. Pakkin eitur Special Extended DVD Edition [...] onkur kallar hana Now, That´s What I Call Music! 2. Við á hesi fløguni eru teir nýggjastu sangirnir, ið hava plága hittlistarnar seinastu tíðina. Nevnast kunnu Las Ketchup við The Ketchup Song, Celine Dion [...] Dion ? I´m Alive, Elvis vs. JXL ? A Little Less Conversation, Atomic Kitten ? The Tide is High og The Calling við Adrienne. Fløgan hevur 20 skeringar og um tú ikki hevur hug at ogna tær eina fløgu, bara tí

that, there is the West Africa bonanza, which for now seems unstoppable. On the opposite side of the Atlantic to the North Sea, the story of oil has also been slow to unfold, though the potential of Eastern [...] 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 depth of 3830m. While the other two wells [...] 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 Frontier, especially when

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 [...] As exploration success has eluded the explorers in the southeast corner of the island?s offshore waters, it is likely that attention will turn to the northeast. The west of Shetlands region is vying for [...] recent research carried out by the group, ?indicates that the UKCS is at a critical point in terms of its international competitiveness because of the maturity of the basin.? The report also noted that increased