that both the UK and the Faroes have each in their own way implemented a so-called “global taxation system”, which means that all activity in a specific area was accordingly taxed in that area. Many birds [...] companies have for a long time being looking for a clear-cut taxation situation between the Faroes and the UK. A dual tax agreement has now finally been agreed between the two countries, and this will [...] interest to work and operate in the Faroes The issue is very often raised; there is nothing as unclear as taxation systems, and when considerations have to be taken regarding the tax systems in two countries

ecotourism will be, and already is, a priority for Faroese tourism in the future. All in all – we can expect a great increase in the number of tourists over the next few years, so we must prepare. That is [...] Faroe Islands have as a travel destination? The fact that our country is a small archipelago in the middle of the big ocean in the periphery of western society makes us quite unique and special. Many consider [...] consider islands in the ocean to be exotic and romantic by default. And being special means a lot these days where we see tourists looking more and more for special activities and cultural, adventurous

interest in two licences in the Norwegian Barents Sea, and one in the Norwegian Sea. In Denmark the company is operator for one licence in the North Sea. On the UK Continental Shelf, Sagex is partner in a discovery [...] licensing round, in 2009. Geysir/Sagex has been active in promoting exploration offshore Iceland and has been instrumental in the acquisition of a 2800 km high-tech, long-cable, 2D seismic in cooperation with [...] Energy. Through its partnership in Almahari, and its considerable experience in Libya for over a decade, Sagex is contributing in all aspects of exploration, field development and production. Just recently Sagex

of Scotland have reaped huge benefits from the oil and gas industry but there have been downsides. House prices have escalated, as have retail prices. Unemployment is the lowest in Scotland but the high [...] core values and the very special atmosphere of the islands. The first gas was discovered in the North Sea by BP in their West Sole Field in 1965 and two years later Amoco found the first oil in the Arbroath [...] was launched in 1993 with the aim of persuading operators and contractors to share risk and reward and in so doing achieve an initial 30% saving on capital projects. Alliancing and partnering became the

the price of something in Faroese so long as it is a number below 20. Bush in Greece After a few days of beaches and big meals we grew restless, and have since spent the last two weeks of travel staying [...] Klaksvik. After a week of marriage, we left my home in rural America, a place of big highways, big sky and a big family, to travel across the Balkans, a land of young coun­tries, local cheese and small cars. Our [...] independence and stability in the coming years. In just a few days we will leave for Copenhagen, where we will enjoy the orderly public trans­porta­tion and expensive coffee before catching a bumpy flight

with the power of words and the power equality can provide in the building of a society – the building of a State. Mrs, Bjørt Samuelsen has been working as a journalist in Norway and the Faroe Islands for [...] 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 for [...] within the people is utilised. That a Government of men only and a Parliament consisting almost entirely of men is sending a signal to the rest of the world of a one-eyed parliament instead of an advanced

benefits which have accrued to states like Norway which have maintained some control, the differences are stark.? In a question and answer session in the Irish Parliament on October 7, Minister for Communications [...] Enterprise (45%) and Murphy Ireland Offshore (15%). Statoil last drilled offshore Ireland on the Sarsfield prospect in the Porcupine Basin in 2001. But it was a duster. Prior to that, in the late 1990's [...] offshore Angola and well above the one in three average offshore Equatorial Guinea and deepwater Nigeria, it is hardly surprising that the North-west European effort is so low key. And, as rigs gradually

streets of Lerwick and would know everybody you met, to nowadays where you can often be on a bus or a plane and you do not know anybody. ?We have also become a much more outgoing community and I think for the [...] created a prosperous 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 [...] culturally swamped, but in fact it led to a renaissance of dialect writing. Artists suddenly got a market for their products they never had,? he said. And, of course, there were many new and well paid jobs around

mild winters and cool summers. Mean temperatures are around 3-4°C in January and February and about 10-11°C in July and August. •… have a land area of 1399 km2 (545.3 square miles). •… have a population [...] experience in a radio programme in this way: »It’s a cosmic experience. The Faroe Islands is a country which is – and is not. It is in constant flux. It keeps disappearing: One moment it’s lost in the fog [...] high quality. A new generation of young musicians, artists and wfashion designers is also taking on a new and different scene – or catwalk. With one foot rooted in tradition and the other in a creative sphere

up a Faroese oil and gas company and become partner in a strong group of international oil and gas companies. In that way the necessary skills and knowledge to run a professional, competi­tive, and independent [...] principle in the Company’s strategy and it has been shown to be a strong commercial point overall. The listing of AP on the OMX Nordic Exchange in Iceland in 2005 and OMX Copenhagen Stock Exchange in Copenhagen [...] shareholders, investors, markets and the general public in real time on the AP website/www.petroleum.fo and most elegantly presented in the last Annual and Consolidated Report and Accounts for the year 2006