Greenland Energy raises $70M, secures Halliburton deal, plans Arctic drilling in 2026

Greenland Energy Company, focused on oil exploration in East Greenland's Jameson Land Basin, announced key progress after its NASDAQ listing in March 2026. The company raised $70 million to fund its 2026 exploration program and secured strategic partnerships, including a five-year drilling agreement with Stampede Drilling and a services deal with Halliburton. Field preparations and equipment mobilization are underway, with plans to start drilling two exploration wells in October 2026. Successful drilling could earn Greenland Energy up to a 70% working interest in the area, targeting a basin with an estimated 13 billion barrels of prospective oil resources.