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flag Harbour Energy completes $3.2B acquisition of LLOG, entering U.S. Gulf of Mexico with oil-heavy assets.

flag Harbour Energy has completed its $3.2 billion acquisition of LLOG Exploration, entering the U.S. Gulf of Mexico with a deepwater, oil-weighted portfolio. flag The deal, funded with $2.7 billion in cash and $500 million in new shares, adds a fully operated asset base with 2025 production of 36,000 barrels of oil equivalent per day, expected to grow to 65,000–70,000 boepd by 2028. flag The acquisition expands Harbour’s global operations to include the U.S. Gulf alongside Norway, the U.K., Argentina, and Mexico. flag New shares were listed on the London Stock Exchange on February 12, 2026, increasing total voting shares to 1.58 billion, with 70% subject to a one-year lock-up. flag Harbour’s CEO emphasized the integration of LLOG’s team and assets to drive future growth and shareholder value.

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