Greenland Warns Trump-Linked Oil Firm Over Unauthorized Drilling Preparations
A Texas-based oil company, Greenland Energy, with ties to Donald Trump, moved drilling equipment to Greenland’s Jameson Land Basin without authorization, prompting a strong warning from Greenlandic authorities. The company planned exploration drilling by 2026-2027, but officials say approvals are far off. Greenland halted new oil licenses in 2021 due to environmental concerns. The dispute occurs amid heightened tensions after Trump’s claims on the Danish territory.
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Texas Company's Greenland Oil Drilling Plans Delayed 18 Months Amid Regulatory and Community Pushback
Greenland Energy, a small Texas-based oil driller, faces an 18-month delay in its plans to drill a test well in Greenland's Jameson Land Basin, now targeting late 2027. The project, which was to be documented by Dr. Phil McGraw, has been postponed due to regulatory slowdowns and local opposition. The company operates under grandfathered licenses, bypassing a climate-related moratorium on new licensing. CEO Robert Price remains bullish, citing a potential 2.9 billion barrel prize, but the company's market cap has plunged 85% to $54 million. The Greenland government requested winter drilling to minimize environmental impact, though harsher conditions raise safety concerns. The delay follows a history of failed oil exploration in Greenland, with most previous efforts offshore.
Trump-linked oil venture delays Greenland drilling plans after government warning
Greenland Energy Company and its joint venture partner 80 Mile have delayed planned oil drilling in Greenland's Jameson Land Basin until winter 2027. The delay follows a formal warning from Greenlandic authorities after White Flame Energy, 80 Mile's subsidiary, moved drilling equipment ashore near the Nerlerit Inaat airport without the required permit. The companies acknowledged the warning and said they would work closely with authorities going forward. Greenland Energy has ties to figures associated with President Donald Trump, including board member Carol Craig and a documentary deal with Dr. Phil McGraw. The exploration licenses were granted before Greenland stopped issuing new licenses in 2021 due to climate concerns.
USA and Greenland in Dispute Over Oil Drilling Permits
Greenland's Minister for Raw Materials, Múte B. Egede, declared that a US oil company's plan to start test drilling in Greenland this year is completely unrealistic. The Texas-based Greenland Energy Company, whose key figures are reportedly followers of US President Donald Trump, informed shareholders about progress on its oil project in northeastern Greenland's Nunap Qeqqa region, calling it one of the last promising unexplored oil deposits in the world. The company claimed to have held constructive high-level meetings with Greenlandic authorities and began preparations despite the lengthy approval process. In late July, Greenland issued a clear warning after the company and British license holder 80 Mile transported test drilling equipment without permission. The government stated that not even the project description for test drilling has been completed, and public hearings and environmental assessments are still pending. Greenland decided in 2021 not to grant further oil and gas extraction licenses, though existing licenses remain valid.
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Greenland Rejects US Oil Company's Drilling Plans for This Year
Greenlandic authorities have contradicted US oil operator Greenland Energy's public timetable, stating the company will not obtain approvals to drill in eastern Greenland this year. Minister Múte B. Egede told local broadcaster KNR that drilling this autumn is unrealistic. The company, an investor and operator in a project held by British firm 80 Mile PLC, had told shareholders it planned an exploration well in Jameson Land. Greenland stopped issuing new oil and gas licenses in 2021, though three older licenses remain valid. The dispute emerged after Danwatch reported the companies transported equipment including an excavator and 15 containers to Jameson Land in late July. The company received a 'strong warning' that future logistical arrangements must be pre-approved, with potential sanctions including fines or license withdrawal for further breaches. The incident occurs amid heightened transatlantic tensions after US President Donald Trump claimed the island, a semi-autonomous Danish territory, though both Greenlandic and Danish officials have rejected a US takeover.
Greenland Rejects US Oil Company's Drilling Plans for 2026
Greenlandic authorities have publicly contradicted US oil operator Greenland Energy's claim that it would begin drilling an exploration well in eastern Greenland this year. Minister for Foreign Affairs and Natural Resources Múte B. Egede stated it is not realistic for the company to drill this autumn, as the project lacks necessary approvals. The company, an investor and operator in a project held by British firm 80 Mile PLC, received a 'strong warning' after transporting equipment without permission. Greenland stopped issuing new oil and gas licences in 2021 due to environmental concerns. The incident occurs amid heightened transatlantic tensions following US President Donald Trump's claims on the island, which both Greenlandic and Danish officials have rejected.
Greenland Warns Trump-Linked Firm Over Unauthorized Drilling Preparations
A Texas-based oil company, Greenland Energy, chaired by Trump-linked businessman Larry Swets Jr., is moving drilling equipment in Greenland for a planned oil campaign in the Jameson Land Basin, despite lacking authorization from Greenland authorities. The Greenland government issued a strong warning to the licensee, 80 Mile Plc, stating that all future logistical moves must be approved beforehand. The project, which could be Greenland's first major oil drilling in years, faces regulatory hurdles and extreme Arctic costs. Greenland abandoned oil exploration in 2021 after decades of failed attempts, citing environmental concerns. Greenland Energy plans to fund up to two exploration wells, but after discussions with officials, it agreed to focus on one well during the 2026-2027 winter season. The company says it is advancing preparations while awaiting required approvals.