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flag Harbour Energy to buy LLOG for $3.2B, entering U.S. Gulf of Mexico deepwater market.

flag Harbour Energy has agreed to acquire LLOG Exploration for $3.2 billion, combining $2.7 billion in cash and $500 million in shares, to enter the U.S. Gulf of Mexico deepwater market. flag The deal, expected to close in late Q1 2026, adds oil-weighted offshore assets, boosts production, extends reserves life, and is projected to be accretive to free cash flow per share from 2027. flag LLOG will become a core business unit under Harbour, which plans a payout ratio-based distribution policy starting in 2026. flag LLOG Holdings will own 11% of Harbour post-closing.

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