Prepare fettucini according to package directions. While pasta is cooking, heat olive oil in 2 quart saucepan. Cook garlic until fragrant, about 1 minute. Stir in both olives, parsley, oregano, red pepper and water. Over high heat, cook until almost boiling, stirring once or twice. Stir olive mixture into drained fettucini, sprinkle with parmesan cheese and serve.