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Harbour Energy Enters U.S. Deepwater With $3.2 Billion LLOG Deal
Yahoo Finance· 2025-12-22 09:11
London-listed Harbour Energy has struck a $3.2 billion deal to buy LLOG Exploration Company LLC from LLOG Holdings, marking Harbour’s entry into the U.S. deepwater Gulf—referred to by Harbour as the “Gulf of America” following a U.S. federal naming change in 2025. The consideration comprises $2.7 billion cash and $0.5 billion in Harbour voting shares, with LLOG Holdings expected to own about 11% of Harbour’s listed voting ordinary shares at completion. The buyer said the transaction should close in late Q ...