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$215 million merger forms Greenland Energy to unlock Arctic drilling potential – Oil & Gas 360

Summary by Oil & Gas 360
(World Oil) – Pelican Acquisition Corporation has signed a definitive merger agreement with Greenland Exploration Limited and March GL Company, creating Greenland Energy Company. The move positions the new entity as the first U.S. public company dedicated to advancing oil and gas development in Greenland’s Jameson Land Basin, a region long considered one of the most promising undrilled hydrocarbon basins in the Arctic. The Jameson Land Basin, loc
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Oil & Gas 360 broke the news in Denver, United States on Friday, September 12, 2025.
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