The company says the purchase of LLOG Exploration allows it to deliver on a longstanding goal of entering into the Gulf of Mexico. - COMPANY IMAGEHarbour Energy said it is buying LLOG Exploration for $3.2 billion, expanding into the U.S. as part of a strategy to bulk up its operations through dealmaking. With its latest deal, Harbour is buying Louisiana-based LLOG Exploration from LLOG Holdings for $2.7 billion in cash and an additional $500 million in stock, it said. The share component will give LLOG Holdings a stake of about 11% in Harbour on completion, Harbour added. The acquisition is sizeable for Harbour, which had a market capitalization of nearly 3.5 billion pounds ($4.68 billion) as of Friday’s close, according to FactSet.

Source: Wall Street Journal December 22, 2025 13:42 UTC