Jarðfeingi is an institution under the Ministry of Environment and Industry.

The purpose of Jarðfeingi is to manage, research, advise, and disseminate knowledge about hydrocarbons and geological natural resources.

Jarðfeingi administers legislation related to the exploration and production of hydrocarbons and the law concerning raw materials in the subsurface. This means that the institution advises the minister and public authorities.

Jarðfeingi researches geology and geomorphology on land, the seabed, and the subsurface. Jarðfeingi is the geological repository for the Faroe Islands, which means the institution maintains a collection of Faroese rocks and minerals and organizes exhibitions and educational activities.