< Back to all clusters
[INTERNATIONAL] · Greenland, United States, Denmark · 87 sources

started · updated

Greenland Energy lands drilling equipment without authorization

Greenland authorities have issued a strong warning to Greenland Energy, a Texas-based oil company with ties to Donald Trump, after it reportedly landed drilling equipment in the remote Jameson Land region without authorization. The Greenland government emphasized that all future logistical operations must be reported to and approved by the Mineral Resources Authority before implementation.

Greenland Energy, led by Chairman Larry Swets, claims the Jameson Land area could contain crude oil reserves valued at $1 trillion. The company plans to invest $60 million to drill exploratory wells, aiming to acquire a majority stake in the project currently held by the UK-based firm 80 Mile. While Greenland halted new oil exploration licenses in 2021 for environmental reasons, 80 Mile maintains existing exploration rights.

The situation has gained geopolitical attention due to the company's connections to Donald Trump's inner circle, including the involvement of media personality Dr. Phil and board members linked to US defense initiatives. Despite these tensions, the company has stated that its activities are purely commercial and not related to any potential US annexation of the territory.

Entities

80 Mile · 80 Mile PLC · Donald Trump · Dr. Phil · Greenland Energy · Greenland Government · Jameson Land · Larry Swets · Phil McGraw

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Advarer Trump-koblet selskap [borsen.dagbladet.no]