also typifies the trend in a way. The company sold off its North Sea interests in 1988 but returned to the province by buying half of Shell?s 4.357% interest in the Elgin/Franklin fields. The number of niche [...] growth. Colin Manderson, the chief executive, hoped to be at the helm of the first Scottish company to go for an IPO (initial public offering) in 2001 but the plans to list on the New York Stock Exchange [...] first contract in the field with more to follow. Abbot Group is a third Scottish-headquartered energy services company which is looking to expand around the world and which is also more likely to acquired than

barge has just been completed and delivered to Kashagan by the Caspian Sea. After the work on the barge became prolonged, they succeeded in completing the work on the 23rd of August and could return home for [...] begin again in September”, says Mr Mohr, CEO. He expects all the skilled labourers to retain their jobs as they are so well liked in Norway: -“We are trying to get as many as possible to go to Norway”, he [...] he assures us. In northern Norway, at Melkøya, PAM Offshore has had many people employed in connection with the development of the Snøhvit-field – now only four remain. This project is almost com­pleted

rounds is an important weapon in the explorer?s armoury. The UK will open its 21st licence round next year but it is unlikely to include any acreage near the Faeroes. The 21st round is likely to be a mopping [...] n 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 petroleum [...] between the UK and Norway is now better than at any previous point in the history of the North Sea industry. It is particularly important that we should find ways of working together in the median areas around

of a new political strategy the Faroese Government decided to merge the Trade Council and Tourist Board in the beginning of this year. This was done in the realisation of the fact that development of trade [...] Explore What advantages do the Faroe Islands have as a travel destination? The fact that our country is a small archipelago in the middle of the big ocean in the periphery of western society makes us quite [...] lazing in the sun. It seems that people are starting to turn their eyes to the north rather than the south. Maybe it is because people feel safer travelling north than south these days. And since the northern

only the increasingly devalued U.S. dollar to spend. On the island of Samos, within sight of the Turkish coast, we stayed with a lovely pair of English teachers who treated us to the only bed in the apartment [...] wrong. In these circum­stances Ben only has to explain where the Faroes are located; I have to try and explain my country’s entire foreign policy. Clinton in Kosovo Anxious for the next leg of the trip, [...] Rasmussen This is one of the first lessons the Mother Continent (Europe, ed.) taught my husband and I on our month-long honeymoon trip en route to the Faroe Islands where we will start life together in Klaksvik

should never occur in a country where it should wish the worker all the best . This is why we must give the foreign labourworkers the right to go into ALS to get back on their feet, and time to find themselves [...] g his decision to quit. This has been the reality for some of those who decide to come to the Faroe Islands to work. To abuse foreign labour power , especially when they have nothing to fall back on , [...] The requirements, that the foreign labourworker must work and live under are : when the work contract is done, then he will be sent back to his home country. However there are terrible shadow stories that

n potential in the Faroes. In 2006 Statoil and its partners did drill the Brugdan prospect in the Faroes (well 6104/21-1); an analogous structure to Rosebank. The well was abandoned due to bottom­hole [...] drilled into the Faroes offshore area, four in a confined area close to the UK producing Foinaven-Schiehallion Fields, the exploration companies still need to investi­gate, research and understand the Faroes [...] The question is being asked 'why is Statoil remaining in the Faroes for hydrocarbon exploration after drilling two dry wells?' Statoil answers this on several fronts. First it is a 30% partner in the exciting

licences in North-West Europe, with an average share of 40 %. In Norway Sagex has an interest in two licences in the Norwegian Barents Sea, and one in the Norwegian Sea. In Denmark the company is operator [...] licence in the North Sea. On the UK Continental Shelf, Sagex is partner in a discovery in 2006 through its 10 % share in the Causeway field, with planned production start-up at the end of 2009. The company [...] elephants, in recent years. But not everyone has given up hunting. In fact, the capture of a new elephant or two is precisely where the Norwegian oil company Sagex Petroleum may triumph in the coming years

this year is well up, and much of that is thanks to oil-related offshore activity.« »There is more emphasis now on these areas, especially with the turmoil in the Middle East. The Shetland and the Faroese [...] lism? Far from it! Wealth 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 [...] , which 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

stems from the first bidding round in 2000 – the so-called “Brugdu” area, where we drilled a well in 2006. The other four licenses were awarded to us in the second round in 2005. We have so to speak complied [...] activities in the Faroes? -“The Brugdan drilling was the very first so-called basalt drilling in the Faroes. Approximately 90 % of the Faroe area is covered by basalt, so if we are to continue to work in the [...] active oil company in Faroe territory. StatoilHydro has been the pioneer in several areas in the Faroes and was the first operating company to drill in the Faroes. This was the “Longan” prospect drilling