Greenland Energy Company Is Leading Responsible Oil Development in Greenland’s Jameson Land Basin

The global conversation around oil is evolving—shaped by the forces of energy transition, geopolitical tension, and accelerating technology. Even as the world races toward decarbonization, demand for reliable, dispatchable energy continues to climb. Oil and gas together still supply just over half of global primary energy, underscoring their enduring role in the world’s power mix even as renewable capacity expands year after year. Whoever controls the next wave of energy discoveries will shape not only markets but geopolitics.

Could a remote, largely unknown oil basin in Greenland disrupt the world’s balance of energy power?

Welcome to DisruptED. In the latest episode, host Ron J. Stefanski welcomes Larry Swets, CEO of Greenland Exploration Limited, and Robert Price of March GL Company, to discuss the formation of Greenland Energy Company—a newly merged venture focused on developing the Jameson Land Basin in East Greenland. The conversation explores how decades of ARCO seismic data, innovative financing strategies, and a commitment to responsible energy exploration are converging to unlock one of the Arctic’s most promising untapped oil and gas basins.

Key insights from the conversation…

• Using previously unreleased seismic data from ARCO (a prominent former global oil and gas company), Price and his team identified major oil markers genetically linked to the North Sea, suggesting billions of barrels of generated oil in the Jameson Basin.
• Swets partnered with Price through the merger of Greenland Exploration and March GL Company, forming Greenland Energy Company to advance oil and gas development in Greenland’s Jameson Land Basin.
• While pursuing oil exploration, the team emphasizes responsible energy transition—integrating carbon sequestration, hydrogen alternatives, and supporting Greenland’s path toward economic independence.

Larry Swets is the Chief Executive Officer of Greenland Exploration Limited, one of the founding companies behind the creation of Greenland Energy Company through its merger with March GL Company and Pelican Acquisition Corporation. Under his leadership, Greenland Exploration has played a central role in advancing responsible oil and gas development within Greenland’s Jameson Land Basin, one of the Arctic’s most promising undrilled hydrocarbon regions. Swets has been instrumental in aligning financial strategy with energy innovation, guiding the company’s efforts to responsibly unlock new resources that could reshape Greenland’s economy and strengthen Western energy security.

Robert Price is a veteran energy executive with extensive experience in oil and gas exploration and project development. At March GL Company, he has overseen the reprocessing of 1,800 kilometers of ARCO’s historical seismic data, identifying more than 50 potential oil and gas targets within Greenland’s Jameson Land Basin. Price has been a driving force behind the technical and operational foundation of the Greenland Energy Company, emphasizing environmental responsibility, regulatory collaboration, and modern exploration methods to advance one of the Arctic’s most significant new energy frontiers.

Article written by MarketScale.