Business

Oil Drilling Plans Delayed

Updated 2026-08-13 12:55 UTC 2 sources Neutral

Greenland Energy Company and its joint venture partner have delayed oil drilling plans in Greenland until winter 2027 after a government warning. The delay follows similar issues faced by other ventures, highlighting regulatory challenges.

Coverage timeline — 2 articles
MarketWatch
Wholesale prices were flat in July and inflation pressures in the guts of the economy also eased, adding to recent evidence of a slowdown in the rising cost of living.
2026-08-13 12:38 UTC
CNBC
Greenland Energy Company and joint venture partner 80 Mile have delayed planned oil drilling in Greenland until winter 2027.
2026-08-13 12:43 UTC
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