A U.S. oil company is delaying its Arctic drilling project following permit discussions and a public rebuke from the Greenland government for moving equipment without authorization.Greenland Energy, the Texas-based firm leading the project, had hoped to begin drilling operations as early as October in the Jameson Land Basin in eastern Greenland—an estimate cited there could be up to 13bn barrels of prospective oil resources, but analysts who set that number have called it “highly speculative.”That timeline has now significantly changed and the project cannot commence until the winter of 2027, at the earliest.The Greenland government on Wednesday issued a statement detailing that the “necessary regulatory process cannot be completed, and the necessary approvals cannot therefore be obtained …
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