Newfoundland has a much smaller economy than Norway. In population terms it is one tenth of the size, and in GDP terms even smaller. Accordingly, a relatively small scale of activity has had a large relative [...] contrast developments in Newfoundland and Shetland. Much has been achieved in the latter, including the way in which an innovative legislative initiative has resulted in significant government revenues, permitting [...] more Faroese companies following the lead of Atlantic Petroleum, Atlantic Airways and others. This has seen initial work in Faroese waters, but already such companies are beginning to look for opportunities

highly specialised solutions to the offshore industry. Mr Heini Mikkelsen has a history in the oil industry, and Mr Christian D. Grahn has formerly had his own IT consultancy company, supplying SAP solutions [...] company Mærsk is today one of their largest client, but it is Faroese who own the company, which now has a fully developed system with a large sales potential. The company is developing and with an office [...] different set of people, explains the Keel Solution Marketing Director, Mr Dánial Hoydal. Keel Solution has developed a system, which makes it possible to monitor a component from its initial installation to

Islands and that stipulation has meant that the oil companies and their contractors have to turn their focus towards a new market to find out what that particular market has to offer. This stipulation also [...] 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 [...] also commits the local business community which has to be on its feet marketing its products and services as well as meeting the demands of the oil industry. I know there have been difficulties in this

the Abbot executive chairman, has shown the daring to step where others fear to tread by establishing a strong position within Iran. Abbot?s KCA Drilling subsidiary has won two major drilling contracts [...] oil and gas sector and particularly the fluctuating oil price following the events of September 11 has added an extra layer of uncertainty particularly where companies are working on tighter returns. But [...] that at any time in the past. This relationship is the envy of many overseas-based companies and has provided comfort that companies will be able to invest for the longer term without facing major increases

capitalisation has been above 1.2 billion DKK in the last months The Company is still strongly rooted in the Faroe Islands. This has been an overarching principle in the Company’s strategy and it has been shown [...] By Kjartan Hoydal, Chairman of the Board, AP ------ The last year has shown very strong growth in Atlantic Petroleum, AP. This is well reflected in the trust shown by investors and the markets in the AP [...] organisation of the Company. Meeting the require­ments for full transparency in all company matters has been a welcome challenge and all information is now readily available to shareholders, investors, markets

gathering on 18 February at the Danish Embassy was the occasion when the Faroese community in the UK has come of age. John Rajani the newly appointed as representative in Britain had invited Faroese people [...] the film gave everyone an appreciation of the mechanics of Oil exploration and exactly what progress has been made in Faroese waters. And one can only be impressed by the preparations that have already been [...] Lassen and Sigrid Rasmussen singing some beautiful melodies. One could appreciate the talent which has earned Teitur such a lucrative recording contract. The atmosphere was festive and the conversation

says the company CEO. The company has endeavoured to acquire the necessary knowledge required to operate within the offshore industry. In this connection, the company has appointed two foreign board members: [...] both have detailed knowledge from the offshore industry. This is the very first time Supply Service has a stand at an offshore exhibition/conference, but they have visited many similar events previously

of Shetland ashore is not a new idea. The demand for a permanent link ashore has been around for many years and a dialogue has been on-going on how to link oil platforms to the mainland. Already when the [...] ns between oilfields where BP is the operating company and the land-based head office. To date BP has been forced to send all data and send IT specialists to the production site to deal with the many issues [...] companies save by cooperating with a Faroe telecommunications company? According to sources Sosialurin has spoken to the expenditure saved by BP could be substantial as data can be sent directly ashore instead

Ellingsgaard explains. Islands of Magic One of the articles by Karl Ritter, which has been sold to newspapers around the world has the headline »Tolkien tales come alive in the Faroe Islands«. In a poetic language [...] council and tourist board, says that time is ripe for marketing the Faroe Islands. - Iceland has gone forward and has shown that seemingly remote places can be seen as even cooler than New York if they market [...] jail. And while fish products account for an estimated 97 percent of export volumes, the journalist has noticed that fresh seafood does not dominate the menus at Faroese restaurants. Finally, the article

Talan er um størsta málning, sum Edward Fuglø hevur gjørt. Málningurin verður kallaður "The Seagull has landed" og er 850 x 200 cm til støddar. Málingurin, sum er settur saman av fimm løriftum, hevur áður [...] rúmdarfarið á mánanum, og hevði hetta hugtikið hann. Tá skuldu amerikumenninir taka til “The Eagle has landed” – hetta hevur Edward nú sett í meira heimligt høpi, “Likkan er lend”. Við hesum kom Edward