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 effect on Newfoundland. In the Faroes [...] now undertaking work for oil industry clients in such places as the Gulf of Mexico, California and Russia. Symptomatic of this, Newfoundland is the home of CHC Helicopters, the world?s largest helicopter [...] 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

) was drilled this summer in licence area 003, 130km southeast of Faroes to a total depth of 4000m, terminating in Paleocene sediments. Rolf Magne Larsen, who is in charge of the Norwegian company?s i [...] only known traces of hydrocarbons in the Faroes area were found on land and comprise coal deposits, organic waxes found in basalt, and inconclusive traces of oil mixed with water in the Lopra-1 experimental [...] seismic campaign by Texaco in the mid 1970s. It is understood some 5,000km of seismic data was acquired, but which proved difficult to read, in part because of the limited capabilities of the 2-D seismic equipment

developments took place first in Shetland. »Orkney learnt a lot of lessons from the Shetland experience,« he said. »It meant that we got many of the benefits of oil developments without many of the less acceptable [...] population of the islands had fallen steadily from 30,000 in 1901 to just 17,000 in 1971. »One of the most important benefits of the oil era, and one often overlooked, is the way it restored confidence in the [...] year, made more acquisitions of North Sea oil fields than any other operator. It is skilled in extending the life of fields many would consider to have reached the end of their useful life. That means

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 half of the 90?ies. As regards taxation [...] and exploitation of hydrocarbons is divided into two groups. One group consists of income derived directly from exploitation of resources (Section 4 income) and the other group consists of »derivative income« [...] be deducted in Section 4 income. Tax has to be paid in three equal installments on 1 October, 1 November, and 1 December of the following year. B »Derivative Income« This type of income is in short, all

sort of ideal-world-socialism? 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 [...] a map of the North East Atlantic reveals how close the infrastructure, 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 [...] including the jurisdiction of the inshore waters, gave the Shetland Islands Council a degree of autonomy that - in UK terms ? is only outreached by that of the Channel Islands and the Isle of Man. Inevitably, events

main challenge of petroleum exploration in the Faroe Islands is not one of bathymetry but one of geology. Geology and proximity to the West of Shetland oil fields have dictated the location of the first e [...] challenging part of the Faroe Shelf. In other words the main challenge is a gradual transfer of activity from the existing licenses in the southeast to the shallower and basalt covered parts of the Faroe Platform [...] big difference in the decision process. In other words, the only real way forward was to drill these prospects. The main point of departure was quite naturally the experience from West of Shetland, where

But times change and the focus of Faroese interests in the UK has moved south to London. The great days evoked in ?Tevatn og Breyð? of Faroese ships landing Ice Fish in Aberdeen are long gone. The connection [...] celebrating their identity and culture right in the middle of the great World City of London. And there was a quiet pride in seeing that there is now a new generation of young, self-confident and capable Faroese [...] success and one of our achievements was to bring together Faroese people in this country. However, with an official Representative now in place to look after Faroese interests and the development of a confident

Sigmund Freud, the founder of psychoanalysis, as "Sigmund Fraud." Watters asserts that this emphasis on seeking other-worldly solutions to psychiatric problems - in place of searching for human solutions [...] In 1993, the Billy Graham Crusade came to Columbus, Ohio, for a series of revivals. Churches and others in the community ballyhooed the event, and the establishment media followed along like sheep. Together [...] gushing all over this famous evangelist, the media neglected to do their job of presenting the other side of the story. For the health of the community, they should have pointed out that humanistic researchers

to finance amenities other local authorities in Britain can only dream of. With the massive Clair oil field, 50 miles to the west of Shetland, coming on stream towards the end of next year, the BP led [...] society that enjoys one of the highest standards of living anywhere in Britain. A unique partnership between the industry and the local authority has secured the islands a steady stream of income, which is used [...] with the major industrial development taking place in one of the UK?s remotest and rural communities, it is worth noting that when oil was first found in the northern North Sea, some 30 years ago, many

develop a new way of managing fish stocks based on controlling inputs by limiting fishing effort and banning industrial fishing in place of the discredited and damaging quota system of output controls. [...] extremely well in achieving its aim that not more than a third of each stock should be taken every year. It is well supported by the fishermen, who are closely involved in deciding the number of fishing days [...] roots hatred and sheer loathing of the management system that is heard from fishermen in Iceland and most EU countries is entirely absent in the Faroes. Unbelievably, everyone in the Faroes appears happy with