remains on ice, having been stopped a year ago. Just now, Mobil is out there on the Frontier, working with the Jack Bates, a deepwater capability semisubmersible which the oil company summarily dumped a few [...] litigation. The Bates is close to the new boundary and started the 214/4-1 well on April 26. Wood Mackenzie says of the quest: »The operator is believed to be targetting a sizeable gas structure to the north [...] operations on their fishing grounds. The fact that only one dissenting voice was heard when the Faroese parliament debated the terms of the agreement means the deal must have been fair to the fishing industry

allastaðni. "The light came through the window, straight from the sun above, and so inside my little room. There plunged the rays of love. In streams of light I clearly saw. The dust you seldom see. Out of which [...] My room, it looked the same - But there was nothing left between, the nameless and the name. I'll try to say a little more: Love went on and on. Until it reached an open door - Then Love itself, love Itself [...] me to the corner now, our steps will always rhyme. You know my love goes with you, as your love stays with me. It's just the way it changes, like the shoreline and the sea. But let's not talk of love or

smaller. Accordingly, a relatively small scale of activity has had a large relative effect on Newfoundland. In the Faroes, with less than one-tenth of the population of Newfoundland (about 47,000, compared [...] compare the effects on Norway and Newfoundland. In Norway, the contribution of the petroleum industry to the national gross domestic product (GDP), after decades of activity, recently peaked at about 25%. [...] addition of a new, petroleum, industry to the Newfoundland economy. Rather, there has been a transformation of an increasing part of the Newfoundland business sector to global competitiveness. These companies

Jeremy Cresswell There can no longer be any doubt about the success of this year?s pioneering offshore drilling campaign, thanks to the determination of Amerada Hess and other members of the Faroes Consortium [...] hence the note of disappointment in Elttur?s announcements about the BP and Statoil wells. But an immense amount of valuable information was obtained from both ? the kind of data that could make a real [...] with the Amerada Hess news. Subject to a wholesale collapse in the price of oil this winter, it looks as if FK can look forward to a favourable reception when its shares begin trading ahead of the second

many of the benefits of oil developments without many of the less acceptable aspects.« »One of the big advantages here was the creation of the terminal on Flotta, a small island well away from the main [...] living on the tiny island of Flotta - when news broke that Orkney was to benefit from a massive oil boom. To taste a flavour of the mood in the islands, look no further than the film Local Hero, a huge hit [...] been lit by a dramatic orange glow for the past 25 years - a sight as familiar to residents as the stars that fill the clear skies above the islands. Islanders treasure the winter spectacle of the aurora borealis

on of the Sullom Voe Oil Terminal much beyond what we have originally envisaged. It is the first piece of fixed infrastructure going out west. There is a lot of exploration going on to the West of Shetland [...] voiced as regards to the impact the advent of the oil industry would have on the islands? pristine environment, the traditional economy, and the specific Shetland way of life, namely the islands? unique identity [...] all, the oil multies wanted something from the island community ? namely a landfall for oil from the huge fields in the East Shetland Basin ? rather than the islanders longing for the influx of a completely

were to be expected when you combine the traditional working methods of the oil industry with the stipulations of the hydrocarbon law and the expectations of the local business community. Let me first [...] studies over the coming months. If we see hydrocarbon production on the Faroe Shelf in the future, the local industry will also face a new challenge with a marked increase in activity. According to the Faroese [...] countries is the need for evaluating the activities as we progress. There have been two meetings recently where lessons learned were on the agenda. In addition the Ministry of Petroleum will meet with the oil companies

in the West of Shetlands and east of the Faeroes Islands will be included in a single round at a later date, said a government oil and gas official. ?We included acreage close to the Faeroes in the 19th [...] recent research carried out by the group, ?indicates that the UKCS is at a critical point in terms of its international competitiveness because of the maturity of the basin.? The report also noted that increased [...] acreage near the Faeroes. The 21st round is likely to be a mopping up exercise mature areas not taken up in the previous 20th round and a batch of assets in the gas prone southern North Sea basin. Acreage in

Wilson As the evening drew to a close with the guests singing the national anthem with pride and passion, one had the feeling that this gathering on 18 February at the Danish Embassy was the occasion when [...] been arranged. As well as being a social occasion the intention was that the evening should be informative for everyone. The talks and film about the future Oil Industry in the Faroe Islands certainly gave [...] charm it had the audience captivated. The talks by Runi Hansen and Heralvur Joensen were of necessity more technical. These together with the film gave everyone an appreciation of the mechanics of Oil exploration

been employed at the terminal for the last 25 years. He said: ?There was a great buzz about the place back in 1978. When I arrived first there was a lot of construction work going on; such as earth moving [...] work, laying the foundations for a lot of the constructions that came on site in later years. ?There were probably about 5,000 to 6,000 bears ? construction workers ? who were working on the site and they [...] 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 management at the oil terminal is confident that