Greenland Energy Partners with Halliburton for Drilling Services
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: NASDAQ.COM
- Strategic Partnership: Greenland Energy has entered into an agreement with Halliburton to provide integrated consulting, logistics, and comprehensive well and drilling services, marking a significant strategic move post-public listing aimed at enhancing operational efficiency and market competitiveness.
- Business Combination Completed: The company has completed its business combination with Pelican Acquisition Corporation, further solidifying its market position, and has signed a five-year drilling agreement with Stampede Drilling to enhance its drilling capabilities and resource development potential.
- Future Drilling Plans: Greenland expects to commence its first modern onshore drilling operations in October 2026, a plan that will not only drive business growth but also create long-term value for investors, reflecting its commitment to responsible resource development.
- Capital Allocation Commitment: The company emphasizes its focus on disciplined capital allocation and environmental stewardship, aiming to conduct responsible resource exploration in strategically important regions to maximize sustainable development and shareholder value.
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About GLND
Greenland Energy Company is an energy company focused on global energy security through the development of Greenland’s natural resources. The Company’s Jameson Land Basin includes over 2,000,000 acres covering the entire petroleum basin. The Company maintains the rights to own up to 70% of three onshore licenses of the Jameson Land Basin in East Greenland.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Greenland Energy Appoints New Board Member
- New Board Member: Greenland Energy Company appointed Carol Craig to its Board of Directors effective June 5, 2026, filling the vacancy left by Daniel M. McCabe's resignation, with Craig also serving on the Audit Committee, which is expected to enhance the company's oil and gas exploration efforts in Greenland.
- Technical Leadership Background: As the founder and CEO of Sidus Space, Inc., a company focused on space and defense technology, Craig led Sidus Space to a successful IPO in December 2021, showcasing her strong capabilities in technological innovation and market expansion.
- Exploration Potential: Greenland Energy is focused on developing the Jameson Land Basin in East Greenland, covering approximately 2 million acres, and Craig's addition is seen as a strategic move to enhance the company's exploration capabilities in this underdeveloped area, with plans for the first modern onshore drilling campaign.
- Strategic Vision: Craig emphasized that the Jameson Land Basin represents an overlooked opportunity, and her goal is to assist Greenland Energy in fully leveraging this resource, indicating the company's proactive approach to future oil and gas development.
See More
Greenland Energy Appoints New Board Member
- New Board Member: Greenland Energy Company appointed Carol Craig to its Board of Directors effective June 5, 2026, filling the vacancy left by Daniel M. McCabe's resignation, with Craig also serving on the Audit Committee, which is expected to enhance the company's oil and gas exploration efforts in Greenland.
- Extensive Industry Experience: As the founder and CEO of Sidus Space, Inc., Craig successfully took the company public in December 2021 and brings a wealth of experience in aerospace and defense, which will provide significant support for Greenland Energy's strategic development.
- Driving Technological Innovation: Under Craig's leadership, Sidus Space developed and launched several 3D-printed satellites, and her innovative mindset is anticipated to help Greenland Energy achieve technological breakthroughs in the underexplored Jameson Land Basin, enhancing exploration efficiency.
- Vision for Future Development: Craig emphasized that the Jameson Land Basin represents an overlooked opportunity, and her commitment to advancing exploration efforts signals Greenland Energy's strong confidence in the future development of hydrocarbon resources.
See More
Greenland Energy Partners with Halliburton for Drilling Services
- Strategic Partnership: Greenland Energy has entered into an agreement with Halliburton to provide integrated consulting, logistics, and comprehensive well and drilling services, marking a significant strategic move post-public listing aimed at enhancing operational efficiency and market competitiveness.
- Business Combination Completed: The company has completed its business combination with Pelican Acquisition Corporation, further solidifying its market position, and has signed a five-year drilling agreement with Stampede Drilling to enhance its drilling capabilities and resource development potential.
- Future Drilling Plans: Greenland expects to commence its first modern onshore drilling operations in October 2026, a plan that will not only drive business growth but also create long-term value for investors, reflecting its commitment to responsible resource development.
- Capital Allocation Commitment: The company emphasizes its focus on disciplined capital allocation and environmental stewardship, aiming to conduct responsible resource exploration in strategically important regions to maximize sustainable development and shareholder value.
See More
Greenland Energy Company Strategic Update
- Post-Listing Progress: Since its NASDAQ listing in late March 2026, Greenland Energy Company has signed a services agreement with Halliburton, marking a significant step in its oil and gas exploration strategy in East Greenland's Jameson Land Basin, thereby enhancing its market position.
- Exploration Program Advancement: The company is actively preparing for its first modern onshore drilling campaign in 2026, planned for an approximately 2-million-acre licensed area, which is expected to lay the groundwork for future resource development and enhance shareholder value.
- Commitment to Environmental Responsibility: Greenland Energy emphasizes environmental stewardship and sustainable development in its resource exploration efforts, aiming to create long-term shareholder value through responsible resource development, aligning with increasing market focus on environmental concerns.
- Future Outlook: The company will continue to focus on disciplined capital allocation and strategic resource development, with expectations to drive business growth through effective exploration plans, further solidifying its leadership position in frontier oil exploration.
See More
Greenland Energy Company Strategic Updates and Listing Progress
- Successful Listing and Capital Raise: Greenland Energy Company completed its business combination with Pelican Acquisition Corporation and successfully listed on NASDAQ in March 2026, raising approximately $70 million, which will directly support its exploration program and enhance its oil and gas exploration capabilities in East Greenland.
- Strategic Partnership Agreements: The company secured a comprehensive consulting and drilling services agreement with industry leader Halliburton, along with a five-year drilling agreement with Stampede Drilling, ensuring smooth execution of its 2026 exploration activities and strengthening operational capabilities.
- Field Readiness Progress: Greenland Energy has made significant progress in field readiness in East Greenland, including approvals for mobilizing heavy equipment and logistics planning, laying a solid foundation for upcoming drilling activities and demonstrating the company's commitment to resource development.
- Future Milestones and Resource Potential: The company plans to commence modern onshore drilling operations in October 2026, targeting OPW-1 and OPW-6 exploration wells, with the potential to earn up to a 70% working interest, while the basin is estimated to hold up to 1.3 billion barrels of gross un-risked prospective oil resources, indicating substantial commercial opportunities.
See More
Greenland Energy Unveils Investor Presentation on Jameson Land Basin
- Strategic Partnerships: Greenland Energy has established operational relationships with key execution partners such as Stampede Drilling, Halliburton, and IPT Well Solutions, aiming to leverage modern technology to advance exploration in the Jameson Land Basin, thereby enhancing its competitive edge in the energy sector.
- Resource Potential Assessment: The company expects to earn up to a 70% working interest in the Jameson Land license position upon completion of two exploration wells, with independent engineering estimates indicating approximately 13.0 billion barrels of gross un-risked prospective resources, significantly strengthening its resource base.
- Drilling Timeline: Greenland Energy plans to drill OPW-1 and OPW-6 in 2026, with procurement and field-readiness activities currently underway, laying the groundwork for future exploration activities and operational success.
- Outlook: CEO Robert Price highlighted that the Jameson Land Basin represents a frontier exploration opportunity with substantial historical technical work, and with the public company platform established and key partners engaged, Greenland Energy is well-positioned to pursue disciplined exploration initiatives in East Greenland.
See More
Greenland Energy Appoints New Board Member
- New Board Member: Greenland Energy Company appointed Carol Craig to its Board of Directors effective June 5, 2026, filling the vacancy left by Daniel M. McCabe's resignation, with Craig also serving on the Audit Committee, which is expected to enhance the company's oil and gas exploration efforts in Greenland.
- Technical Leadership Background: As the founder and CEO of Sidus Space, Inc., a company focused on space and defense technology, Craig led Sidus Space to a successful IPO in December 2021, showcasing her strong capabilities in technological innovation and market expansion.
- Exploration Potential: Greenland Energy is focused on developing the Jameson Land Basin in East Greenland, covering approximately 2 million acres, and Craig's addition is seen as a strategic move to enhance the company's exploration capabilities in this underdeveloped area, with plans for the first modern onshore drilling campaign.
- Strategic Vision: Craig emphasized that the Jameson Land Basin represents an overlooked opportunity, and her goal is to assist Greenland Energy in fully leveraging this resource, indicating the company's proactive approach to future oil and gas development.
See More
Greenland Energy Appoints New Board Member
- New Board Member: Greenland Energy Company appointed Carol Craig to its Board of Directors effective June 5, 2026, filling the vacancy left by Daniel M. McCabe's resignation, with Craig also serving on the Audit Committee, which is expected to enhance the company's oil and gas exploration efforts in Greenland.
- Extensive Industry Experience: As the founder and CEO of Sidus Space, Inc., Craig successfully took the company public in December 2021 and brings a wealth of experience in aerospace and defense, which will provide significant support for Greenland Energy's strategic development.
- Driving Technological Innovation: Under Craig's leadership, Sidus Space developed and launched several 3D-printed satellites, and her innovative mindset is anticipated to help Greenland Energy achieve technological breakthroughs in the underexplored Jameson Land Basin, enhancing exploration efficiency.
- Vision for Future Development: Craig emphasized that the Jameson Land Basin represents an overlooked opportunity, and her commitment to advancing exploration efforts signals Greenland Energy's strong confidence in the future development of hydrocarbon resources.
See More
Greenland Energy Partners with Halliburton for Drilling Services
- Strategic Partnership: Greenland Energy has entered into an agreement with Halliburton to provide integrated consulting, logistics, and comprehensive well and drilling services, marking a significant strategic move post-public listing aimed at enhancing operational efficiency and market competitiveness.
- Business Combination Completed: The company has completed its business combination with Pelican Acquisition Corporation, further solidifying its market position, and has signed a five-year drilling agreement with Stampede Drilling to enhance its drilling capabilities and resource development potential.
- Future Drilling Plans: Greenland expects to commence its first modern onshore drilling operations in October 2026, a plan that will not only drive business growth but also create long-term value for investors, reflecting its commitment to responsible resource development.
- Capital Allocation Commitment: The company emphasizes its focus on disciplined capital allocation and environmental stewardship, aiming to conduct responsible resource exploration in strategically important regions to maximize sustainable development and shareholder value.
See More
Greenland Energy Company Strategic Update
- Post-Listing Progress: Since its NASDAQ listing in late March 2026, Greenland Energy Company has signed a services agreement with Halliburton, marking a significant step in its oil and gas exploration strategy in East Greenland's Jameson Land Basin, thereby enhancing its market position.
- Exploration Program Advancement: The company is actively preparing for its first modern onshore drilling campaign in 2026, planned for an approximately 2-million-acre licensed area, which is expected to lay the groundwork for future resource development and enhance shareholder value.
- Commitment to Environmental Responsibility: Greenland Energy emphasizes environmental stewardship and sustainable development in its resource exploration efforts, aiming to create long-term shareholder value through responsible resource development, aligning with increasing market focus on environmental concerns.
- Future Outlook: The company will continue to focus on disciplined capital allocation and strategic resource development, with expectations to drive business growth through effective exploration plans, further solidifying its leadership position in frontier oil exploration.
See More
Greenland Energy Company Strategic Updates and Listing Progress
- Successful Listing and Capital Raise: Greenland Energy Company completed its business combination with Pelican Acquisition Corporation and successfully listed on NASDAQ in March 2026, raising approximately $70 million, which will directly support its exploration program and enhance its oil and gas exploration capabilities in East Greenland.
- Strategic Partnership Agreements: The company secured a comprehensive consulting and drilling services agreement with industry leader Halliburton, along with a five-year drilling agreement with Stampede Drilling, ensuring smooth execution of its 2026 exploration activities and strengthening operational capabilities.
- Field Readiness Progress: Greenland Energy has made significant progress in field readiness in East Greenland, including approvals for mobilizing heavy equipment and logistics planning, laying a solid foundation for upcoming drilling activities and demonstrating the company's commitment to resource development.
- Future Milestones and Resource Potential: The company plans to commence modern onshore drilling operations in October 2026, targeting OPW-1 and OPW-6 exploration wells, with the potential to earn up to a 70% working interest, while the basin is estimated to hold up to 1.3 billion barrels of gross un-risked prospective oil resources, indicating substantial commercial opportunities.
See More
Greenland Energy Unveils Investor Presentation on Jameson Land Basin
- Strategic Partnerships: Greenland Energy has established operational relationships with key execution partners such as Stampede Drilling, Halliburton, and IPT Well Solutions, aiming to leverage modern technology to advance exploration in the Jameson Land Basin, thereby enhancing its competitive edge in the energy sector.
- Resource Potential Assessment: The company expects to earn up to a 70% working interest in the Jameson Land license position upon completion of two exploration wells, with independent engineering estimates indicating approximately 13.0 billion barrels of gross un-risked prospective resources, significantly strengthening its resource base.
- Drilling Timeline: Greenland Energy plans to drill OPW-1 and OPW-6 in 2026, with procurement and field-readiness activities currently underway, laying the groundwork for future exploration activities and operational success.
- Outlook: CEO Robert Price highlighted that the Jameson Land Basin represents a frontier exploration opportunity with substantial historical technical work, and with the public company platform established and key partners engaged, Greenland Energy is well-positioned to pursue disciplined exploration initiatives in East Greenland.
See More
