doorstep in the early 1990?s. Instead Britain is finally carrying out constitutional reform in a conscious attempt to adapt to its modern place in the world. New centres of poser have been created in Scotland [...] is nothing dishonourable about this. It is a normal tool of diplomacy. But it does put the onus on the Faroese to decide what they want out of the relationship and to pursue this with equal determination [...] Faroese interests in EU 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

the terms of the agreement means the deal must have been fair to the fishing industry. It it was not, the fishery lobby would have put paid to an agreement without hesitation. It is curious that the one [...] is believed to be targetting a sizeable gas structure to the north of the block, close to the limit of UK designated acreage«. Mobil will doubtless play it cards close to the chest. But if a find is made [...] Aberdeen Press & Journal It is of course easy to be cynical aobout the time taken to achieve a workable compromise on the resources beundary between the UK and Faroe. After all, if a relatively simpel issue

Schrimpton It was a great pleasure to be back in the Faroe Islands recently, and it was very good news to hear, soon after I returned to Newfoundland, of the positive results from the Amerada-Hess well. It is [...] and/or gas production sooner or later. It 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 [...] social problems, and it may in fact make an important contribution even to the local culture and the tourism industry. Indeed, while it is critical to minimize any negative effects, it is in my opinion just

partnership. This is a particularly important time for FK in that, though it is largely owned by Faroese, the company is expected to float on the London Stock Exchange early next year in a bid to raise £10-20million [...] Planning Commission in 1993, provides a clue as to how events were being watched at the time. Referring to the decision by Copenhagen in 1992 to cede mineral resources rights to the Faroese Home Rule [...] said in a statement. ?Establishing that the Faroe Shelf holds a working petroleum system is however positive and considerably improves our expectations to finding oil in commercial quantities in the future

are deployed in the water. However, Professor Ziolkowski?s calculations suggest that the source needs to have frequencies below 10 Hz (i.e. ten vibrations a second), and this in turn means that the airguns [...] airguns have to be both deeper in the water, and four or five times the normal size used for exploration. As a result, the equipment required for this type of survey is far from standard, and, from a practical [...] much more difficult to handle. Notwithstanding the challenges inherent in configuring a set of airguns to produce ultra-low frequencies, seismic contractor Veritas DGC recently acquired a set of test data

However it had become too dependent on oil and when in 1986, with no warning, the price plummeted from $30 to less than $10 in less than a month the city was rocked to it?s granite foundations. It was estimated [...] would be a disaster in the North Sea sooner or later. His words were prophetic and it was he who was called to douse the flames on what was left of Occidental?s Piper Alpha platform. It was a tragedy which [...] again and in 1998 the average 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

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 in Britain when it opened in cinemas across the country in 1983 [...] exactly what was needed in a community that had depended 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 [...] wanted to give Orkney a gift - and what better than a piano. Today, as the islands prepare to look back on 25 years of living with the oil industry, that Steinway grand piano is still being played. It?s not

order to be covered by FAS it is also necessary that the ship owner in question is a resident in the Faroe Islands. If the ship owner is a company it has to be registered in the Faroe Islands and its real [...] they have signed on a vessel under FAS or DIS. In relation to hydrocarbon activities it may have fiscal and with that financial importance to the wage earner, whether he is tax liable subject to the H [...] are in both cases based on a wish to create competitiveness between Faroese and foreign taxpayers. A. Faroese International Register of Ships (FAS) A.1 Refund to the Shipping Company According to this

three wells have been drilled in the Faroese sector, and none was successful. Also, it has been made clear by the Faroese authorities that it was their intention to land Faroese oil in Faroe in an attempt [...] authorities in the UK can?t afford, like ? a network of welfare centres, which are effectively old folk homes, built in Shetland?s more remote areas to allow vulnerable people to stay in the community; ? a network [...] not big enough for a terminal in Faroe, then we are hopeful, that it should be viable to connect into Sullom Voe Oil Terminal.« However, he acknowledges that it is very early days yet to speculate on this

dominant power in International football and runners-up in the recent World Cup finals. Moreover Germany were playing in there own backyard with 35,000 supporters expecting them to provide a goal feast. And this [...] damage limitation they would have resorted to in previous years they had the confidence to attack and go for an equalizer. This was the same spirit shown when they pressed for a winning goal against Scotland [...] unanimous in acclaiming him as man of the match the following morning. So here we had the Landsli_ taking on the might of Germany in a game of open football and coming within a few millimeters of a draw. This