so long on fishing and farming.« »It was also an opportunity for so many Orcadians, who had been forced to leave to find work, to come back to the islands. And that reversed the trend which had seen the [...] factory is about to open and work will soon begin on a modern new library in the Orkney capital, Kirkwall. Funding for both has come from the council's oil reserves, which currently amount to almost 143 million [...] of the important reasons for creating the oil reserves was to ensure money was available to help the islands cope with the eventual closure of the oil terminal - now projected to happen in 2020. But Councillor

arrived, the promises have been kept and great care has been taken this time to try to avoid any more boom to burst scenarios. Companies have expanded their horizons and diversified so their fortunes are far [...] price for Brent crude slumped to under $13. Developments were once again put on hold and the century ended with a year in which the price was down to under $10 a barrel at the beginning at up to more than [...] handled. The responsibility for safety was taken away from the Department of Energy and handed to the Health and Safety Executive. In tandem the onus was placed on operators to develop individual safety

expected to float on the London Stock Exchange early next year in a bid to raise £10-20million to finance its participation in the great, slow-pace Faroese oil race. ?We?re ready to go ? waiting for the right [...] the Faroese had been awaiting for some time ... the decision by Denmark to surrender all rights to ?minerals in the subsoil? to Faroese control, and therefore the right to determine the course of the possible [...] so difficult It is common for traces of hydrocarbons to be found when drilling exploration wells, but that does not mean conditions are anywhere near right for oil or gas to accumulate, hence the note

shared by the companies. In addition, each of the companies has saved money by avoiding having to set up an organisation in Denmark themselves just to drill one or two wells.« Another reason for the savings [...] the other companies in The Faroes Partnership offered some young Faroe islanders short-term employment ? so-called traineeships. »In that way, a number of young Faroese have been able to work for an oil and [...] and the experience we have gained from well to well to optimise the drilling work.« Jan Terje Edvardsen believes that the idea can be successfully transferred to the Faroe Islands. He says, »I believe we

shared by the companies. In addition, each of the companies has saved money by avoiding having to set up an organisation in Denmark themselves just to drill one or two wells.« Another reason for the savings [...] the other companies in The Faroes Partnership offered some young Faroe islanders short-term employment ? so-called traineeships. »In that way, a number of young Faroese have been able to work for an oil and [...] and the experience we have gained from well to well to optimise the drilling work.« Jan Terje Edvardsen believes that the idea can be successfully transferred to the Faroe Islands. He says, »I believe we

is sure to lead to further interest in Faroese waters, and to exploration to discover other fields. Given the confirmation of a commercial field, engineering and other studies will be needed to establish [...] Petroleum, Atlantic Airways and others. This has seen initial work in Faroese waters, but already such companies are beginning to look for opportunities in the UK sector and beyond. This is certainly the [...] the pattern we have seen in Newfoundland; local companies which entered the industry to meet local requirements are now undertaking work for oil industry clients in such places as the Gulf of Mexico,

, experience and capacity both to work in the international oil-industry, and consequently the goal of general improvement of the Faroese businesses society. In order to reach the said goals it has been [...] their contractors do have to establish actual management presence and carry out actual activity in the Faroe Islands and that all goods and personnel for the offshore-industry have to pass through Faroese [...] on-shore-territory. It seems to have been less obvious to the Faroese decision makers, and certainly this does not seem to have been given very much specific thought, that there will be other ? more incidental

It is trying to maximise the work programmes. Because companies were able to bid for part block, some applications overlap and the government is playing the bidders off against one another to get the most [...] most wells drilled. It is a matter of competitions and negatiations, so companies can overbid" siga keldur við blaðið. Amy McLellan, sum skrivar greinina, vísir í hesum viðfangi á, at føroyingar hava megnað [...] mesta talið av boringum á tí lítla økinum, sum feløgini eru sinnað at bora í. Men fer kanska at síggja best aftur út frá tí máta, sum vit hava skorið loyvisøkini til uppá. Roynt hevur verið at skera økini soleiðis

negotiations. ?Pursuing opportunities for Faroese to study and work in UK. Currently, Norwegians and Icelanders are allowes to work in the UK but Faroese have to obtain Danish Passport and pass themselves [...] immediately come to mind for the Faroese to focus on are: ?Collaboration in developing Oil and Gas resources in the North Atlantic. ?Encouraging tourism from Britain. ?Persuading Britain to take account of [...] support for any renewed campaign against Grindadráp. In this new relationship it is ennential that the Faroese to not remain passive partners waiting to be swept along by the British agenda. For a start