a few years later, the first commercial production of hydrocarbons. This will undoubtedly have a major effect on the Faroese economy and society. In this context, it was interesting, at the recent NORA

installation safety cases rather than follow prescriptive rules. The industry now claims that in terms of major accidents it is safer than industries such as construction, post and telecoms, water, food and drink [...] pumped ashore gas was flared off and it was expected that the field would last until 2001. Now it is a major gas field and the silver anniversary predictions are that it could last another quarter of a century

pounds« to the local economy. Hugh Halcro-Johnston, the council's convener, said Orkney was lucky that major oil developments took place first in Shetland. »Orkney learnt a lot of lessons from the Shetland [...] owners of the terminal, special arrangements were drawn up to ensure Orkney benefited from becoming a major oil port. Essentially, a range of payments is made to the islands council, which invests the money [...] jewellery manufacture and the imaginative way we have developed Orkney's many archaeological treasures as major tourist attractions. »It means it's difficult now for many here to remember the depression years of

enough to provide significant growth for a small, start-up company but which would not figure on oil major?s materiality radar. Dublin-based Tullow Oil entered the UK upstream sector by acquiring assets from [...] shareholder value from propositions that may no longer be of interest to the biggest players. »The majors are looking at bigger fields to give the level of profit they are looking for and that creates an [...] and has provided comfort that companies will be able to invest for the longer term without facing major increases in the level of tax levied. While these new entrants have been buying up acreage, a number

prospects of handling future oil from the Faroese sector. Fact is that the terminal has received a major £50 million overhaul this summer. Talking about the future, Mr Grant said earlier this year: »We have [...] the potential of by-passing both island groups. Only in October, Sullom Voe Oil Terminal received a major boost, when BP announced in Aberdeen that the company and its partners in the massive Clair oil field [...] struck with the almighty oil industry. Summarised, the content of this deal is as follows: ? all major activity was focussed in a single area at Sullom Voe, rather than spread over the whole islands, as

---1rú 2rú*pass2hj3kl pass6utØll pass Bogi sat her og vónaði at sleppa at dupla mótpartin í einari major kontrakt. 2rú hjá Vestan var eitt sokallað ?Michaels Cuebid?, ið vísir eina heldur veika hond við

missiónsvirki teirra í Afrika og vísir video. Frelsunarherurin, Tórshavn Sunnudagin kl. 11 Møti har major Gamst talar, kl. 14 Sunnudagsskúli, kl. 18 luttaka Knut Gamst og onnur á møti í Immanuel í Hoyvík

Vágur Fríggjadagin kl. 20 Soldátamøti. Sunnudagin kl. 14 Sunnudagsskúli, kl. 18 Møti í »Fjallbrúður«, major Knut Gamst talar. Mánadagin kl. 20 Heimaforbundið, allar kvinnur eru vælkomnar. Missiónshúsið í Vági

gongd hjá spælarum. 2hj hjá Eilif er merkt av, at tað er parakapping ? tað loysir seg betri at melda major kontrakt heldur enn minor. 3kl hjá Hans Jacob vísti singleton og inviteraði til útgang. Tá Eilif meldaði

luttaka, drekkamuður aftaná. Øll eru vælkomin. Fríggjadagin og sunnudagin vitjan av major Turid Gamst úr Íslandi og major Lisbeth W. Welander úr Noregi. Katólska kirkjan Hvønn gerandisdag kl. 17.30 Messa