[REVISION HISTORY]

Greenland energy & minerals amid Arctic competition

Updated 21 times since CLSTR started tracking revisions of this situation.

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2026-09-01 09:33 UTC → 2026-09-19 05:26 UTC · added ~~removed~~

Since June 2026, Greenland Energy has been pursuing a $60 million two-well drilling campaign in the Jameson Land Basin, claiming potential crude oil reserves of up to $1 trillion. While Greenland suspended new oil licenses in 2021, the Texas-based company is attempting to leverage existing exploration rights held by the British firm 80 Mile. In August 2026, the Greenland government issued a strong warning to Greenland Energy after the company reportedly moved drilling equipment to the eastern coast of Jameson Land without necessary permits. Specifically, containers and heavy machinery were offloaded at Konstabel Pynt, an area containing wetlands protected by the international Ramsar Convention. ~~While the company claimed to have permission, the Ministry of Industry clarified that no such approval had been granted for the landing.~~ On August 12, 2026, the Greenlandic government officially announced that the exploratory drilling project in the Nunaap Keka (Jameson Land) region will not proceed this ~~winter. Officials stated that “the necessary~~ winter, citing insufficient time for administrative ~~process cannot be completed~~ processes and the ~~required authorizations will therefore not be able to be issued before the scheduled start date~~ lack of ~~the drilling.” Additionally, preparatory works remain prohibited because the company has not yet submitted~~ required environmental and social impact ~~studies, public hearings, or social benefit~~ studies. ~~Authorities expressed specific concerns regarding the insufficient time to assess impacts on protected wetlands that serve as habitats for muskoxen and rare bird species.~~ Following the unauthorized arrival of equipment in the village of Itokorturmiit, Greenland Energy apologized and stated that partners are now working toward a target timeline to obtain licenses during the 2027–2028 winter season. Meanwhile, the partner firm 80 Mile has expressed concerns that prolonged regulatory delays could lead to a loss of investor interest. apologized. By early September 2026, ~~Greenland Energy Co.~~ Chief Executive Robert Price confirmed a one-year ~~delay~~ delay, stating that preparations involving equipment from Alberta, Denmark, and Houston have been halted and placed in ~~its exploration plans.~~ storage. Operations are now expected to resume around November or December 2027. Despite this delay, Greenland Energy has continued field activities in the remote tundra north of Scoresby Sund. Geologists have been documented collecting soil and water samples to support the upcoming environmental impact assessment required for the project.

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