industry and it takes some doing to gain a foothold. Our operational area is especially capital demanding, but we are quite fortunate to have a cooperation with Havila, who also have a share in Supply Service [...] addition to the international demands. – They have for example a special duty on NOX. This means that a maximum has been set for how much detrimental waste can come from a vessel. In practical terms, this [...] Norwegian company Havila for the 2001 exploration round: – Since then we have had the opportunity to monitor developments and last year we were able to buy vessels. Since then they have con­trac­ted four new

license holders must undertake and a time schedule when these undertakings have to be concluded. The objective is always to ensure that the companies have enough time to complete the work that has to be done [...] There are many pieces, which have to fall into place. How do we progress? As mentioned, there are several active exploration licenses, and hopefully there will be a basis for awarding more after the conclusion [...] third round. Many areas remain to be investigated/surveyed and some have to be investigated in more detail than they have been. All the exploration licenses contain terms and conditions, which dictate which

wherever you go. It is a miracle that people and creatures have managed to survive here in this seemingly inhospitable place for more than a thousand years. You’ve got to be creative to do that. But there [...] 699,000,000 (2003). Do you want to know more? If you would like to get to know the Faroe Islands, you can e.g. visit: http://www.faroeislands.com http://www.visit-faroeislands.com For more information on [...] need to embrace change to whatever extent necessary. The ability to cooperate effectively and develop strong networks is becoming more important. And still it is crucial for us to hold on strongly to our

was my duty to defend our leader. We may have been wrong as we cast our votes, but we were not that wrong. In these circum­stances Ben only has to explain where the Faroes are located; I have to try and explain [...] of people in the world who are able to reconcile Cinton, Bush and Iraq, and still come out loving the U.S. It is Clinton, though, who holds the key to their hearts for his support during the Kosovo War in [...] thought about how there will not be any more hero-presidents to help this fledgling country as it works for independence and stability in the coming years. In just a few days we will leave for Copenhagen

politics can no longer afford to be just a pastime hobby for men only. The larger countries have realised that the right man for the job is quite often a woman! Dear Mr Clinton, the country you are visiting [...] the USA is, that you were capable of gathering people around you, who presented you with the most and best dimensions to your political reality – among them were the strong women. You are familiar with [...] Choices Plan«, which is intended to diminish the massive gap between those who can afford to pay for health care and those who cannot. This was also a plan she worked hard for over the years her husband, Mr

prompted the company to formally announce half-yearly accounts for the first time although it did nothing to dampen speculation that Wood Group will seek to float on the stock market to fund the next phase [...] s that may no longer be of interest to the biggest players. »The majors are looking at bigger fields to give the level of profit they are looking for and that creates an opportunity for us in the marketplace [...] provided comfort that companies will be able to invest for the longer term without facing major increases in the level of tax levied. While these new entrants have been buying up acreage, a number of key

what you may find deep down, but one is always taking a risk, and you will not know if you find anything, before you actually hit it with the drill. Let me now, ladies and gentlemen, reassure you that [...] situation is not least beneficial for the smallest actors on the international arena. You might say that the smaller your own home market, the more active you have to be on other markets. We aim at being [...] neither do you or me any good. We will in the next few moments hear people, who know far more about these matters. - - - - I will now turn to the Faroese society and political system as such, to give a

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 [...] seven licences were awarded to 12 oil companies. Aside from the four six-year terms granted, three nine-year terms were also issued, with 005 going to Agip with FK; 006 handed to Statoil with Anadarko, Phillips

retired president do us? Of course we are all very excited to hear what a man, who has had the ultimate responsibility for the world’s most important and most difficult decisions, has to say to the people of [...] during his term that, even if you grew up during the age of flower power and might have given in to the times once or twice, smoked a joint and perhaps participated in a protest march, you are capable [...] years should be able to convey a message to us about what the future holds in store for mankind. This Danish dependency at 62 degrees in the North Atlantic will probably be getting more than it gives. Even

less dramatic, has 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 [...] 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 [...] industry than ever before as efforts were intensified to try to safeguard the long term future of the industry. The North Sea oil industry continues to flourish and the North-east economy is buoyant. There