Due to the decision of Greenland's Government in December 2022, Nunaoil has been reconstructed and renamed to NunaGreen in an effort to cease oil exploration and focus to renewable energy.

It then switched its focus to gathering seismic data along the South West coast of Greenland, mapping large potential hydrocarbon trapping accumulations.

It has also been involved in the licensing rounds off the west coast of Greenland[2] by Baffin Bay where it holds a minimum of 8.5% stake in all the blocks that have been licensed in the recent West Disko round.

In 2006 DONG Energy sold its shares in Nunaoil to the Danish State.

66 in the Arctic Environmental Responsibility Index (AERI) that covers 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle.