During the night (on 15.12.2012) there was a swarm of earthquakes far north of Kolbeinsey Island. The distance from Kolbeinsey Island is about 100 to 200 km. What exactly is taking place at this location is impossible to know for now. Since this is far from Iceland and the SIL network. Last eruption is believed to have taken place around this area back in the year 1999, or at least there was an large dike intrusion at that time. What did happen exactly is not known.
The earthquake activity north of Kolbeinsey Island at midnight (00:00 UTC) 15.12.2012. Copyright of this image belongs to Icelandic Meteorological Office.
Earthquake activity at 09:00 UTC this morning (15.12.2012). More earthquakes have taken place since midnight. Copyright of this image belongs to Icelandic Meteorological Office.
There is a chance of more earthquakes in this area. It can also be expected that not all earthquake activity in this area is being detected by the SIL network. Due to distance, weather and ocean activity.