the time for a cup of coffee. In those early days, the economy was flat, even melancholy, and there were many who welcomed the diversion of a chat, even though most were somewhat mystified, to put it gently [...] would appear that the waiting is over. Faroese entrepreneurs are starting more and more internationally interesting businesses. Local investors are lining up to take advantage of opportunities both within [...] There is something quite indomitable about the Faroes. Born of fire from the very center of the earth, sculpted by ice and wind and wave, at once a refuge and a stepping-stone for intrepid explorers, often

I went to pay, the cashier started to talk to me, asking how I was doing. I had never seen this person before and stammered something about how I was tired, to which she replied that I should try some [...] different countries, myself hav­ing caught a virus, in 30 degrees Celsius, wearing three shirts to many, I did not have the sweet feeling of adventure I had expected. However, I was happy to be done traveling [...] their trucks, politics, anything, and every­thing. As the days went by, I got to experience just how different we were. Issues I felt strongly about could be overlooked or misunderstood, sometimes, I

Mrs. Albright sat there in Oslo surrounded by an aura of will power and strength. A trait of Mr Clinton: he has always surrounded himself with strong women. Also here in the Faroes we are waiting in suspense [...] become the very first President in the world’s strongest superpower. Even more interesting however, is how the »cocktail« Angela Merkel – Hillary R. Clinton will impact the global situation. To see if a lower [...] definitely better than a Bush, if the USA is to join in the small club of countries, which finally are beginning to regard environmental issues seriously. The main issue in the Hillary Clinton presidential

the caves are used as integral parts of the music. But new offers are on their way. Sea angling is – as I said – about to become an established activity on offer, while many other activities are still just [...] and base jumping are also possible offers we could develop. These activities are not yet part of the mainstream offers to visitors, but this is another area of interest to SamVit. There are other specialised [...] this too. We share many of the Irish characteristics in this respect, and we can easily make this an industry where many local people can earn a living just like the Irish. So we are working on making an

centre. A New Frontier There are still new frontiers to be discovered in the world – and the Faroe Islands might be just that: a new frontier – an unspoiled treasure. People are becoming aware of that [...] intense, peaceful and authentic are often used when trying to describe the feel of the Faroes – and the fact that everything is close, whether you want it or not. People are fascinated by the contrasts and [...] You’ve got to be creative to do that. But there is more to it than first meets the eye. This misty fairy land hidden out here in the North Atlantic holds many amazing surprises. If you travel just a bit

world’s largest oil companies and the largest IT Company in the Faroes are in the final stages. Considerable savings for BP There will be considerable savings for BP as they modernise the communications [...] 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 FarIce-cable was laid [...] more appropriately to the other producing oilfields already connected to the SheFar-cable. There is, and there will be an ever increasing requirement from the oil companies for tele­communi­cations, which

pension fund is located? This is just one of the many questions which must be settled before an agreement is signed. Over these past few years there are many examples of Nordic senior citizens, whose official [...] be divided”, says Mr Laksafoss. It normally takes a long time to reach such agreements, as there are so many aspects to take into consideration: –“As an example let me mentioned pension funds. Which country [...] in that area. Many birds nests to unravel - “Through this dual tax agree­ment you should never be taxed twice. On the other hand an agreement has been reached between the two countries how these tax revenues

pragmatism prevails and other, easier pickings are pursued, perhaps in the North Sea itself. Offshore Ireland is in many ways comparable to the Faroes. There, the same old miserably slow trudge drags on [...] seems more realistic. The field lies 70km offshore; its reserves are some 25 billion cu.m of gas. As for the Irish exploration effort, there are conflicting reports about the Dooish discovery. Is it potentially [...] greatest successes are currently being scored in the NW African state of Mauritania while, on the west side, the Canadian quest plods along unspectacularly, but is delivering modest results. There is no doubt

recoverable over a 24-year period. Depending on how Phase-1 works out, further development is possible, with a recoverables target of 400mmb, though there is informal talk of more than 500mmb. Clair development [...] bpd of oil and 15 million cu.ft of gas. Ramping up oil production will be a gradual process as wells are progressively drilled using the platform?s own drilling package. One is being pre-drilled and will [...] west of Shetland. Platform fabrication is in the hands of Aker Kværner (jacket) and Amec (topsides). Many small suppliers and sub-contractors also have work and, overall, construction is comfortably past

Portugal to Lofoten off Norway ? slow. There are few commercial discoveries to show for the enormous effort made, except in the Norwegian sector where results obtained are the most promising to date. And yet [...] offshore Faroes began last year, doubtless many citizens were hoping for an instant bonanza. Predictably, that boom did not materialise. No matter how much success there is during the pioneering phase, first [...] provide valuable data for the Faroese effort, whether or not it is successful. Naturally, there is no telling how lucky Agip, in partnership with Foroya Kolvetni, will be next year when it spuds the Marimas