Business acquisition completion

Harbour Energy Acquires LLOG Exploration Company

Analysis based on 8 articles · First reported Feb 11, 2026 · Last updated Feb 13, 2026

Sentiment

Attention

Articles

Market Impact

Direct

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Market Impact

The acquisition by Harbour Energy is expected to positively impact the energy market by increasing production in the US Gulf of America. This strategic move enhances Harbour Energy's global portfolio and could lead to increased shareholder value.

Oil and gas Energy

Event Summary

Harbour Energy has successfully completed the acquisition of LLOG Exploration Company LLC for $3.2 billion, marking its strategic entry into the US Gulf of America. This acquisition significantly strengthens Harbour Energy's global portfolio by establishing a new core business unit alongside its existing operations in Norway, the UK, Argentina, and Mexico. LLOG Exploration Company LLC brings a fully operated, oil-weighted portfolio with high-margin, long-life assets and numerous drilling opportunities. Production from LLOG Exploration Company LLC averaged 36 kboepd in 2025 and is projected to increase to 65-70 kboepd by 2028. The acquisition was financed through $2.7 billion in cash and the issuance of 174,855,744 new Harbour Energy voting ordinary shares, valued at $0.5 billion, to LLOG Holdings, L.L.C. The new shares will be admitted to trading on the London Stock Exchange.

Key Actions

100 Harbour Energy completed acquisition LLOG Exploration Company

70 Harbour Energy financed acquisition with cash and debt

Entities Involved

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Harbour Energy

Harbour Energy completed the acquisition of LLOG Exploration Company LLC, marking its entry into the US Gulf of America. This acquisition strengthens Harbour Energy's global portfolio and establishes a new core business unit, leading to an expected increase in production to 65-70 kboepd by 2028.

Importance 100 Sentiment 75

priv

LLOG Exploration Company

LLOG Exploration Company LLC was acquired by Harbour Energy for $3.2 billion, providing Harbour Energy with a fully operated, oil-weighted portfolio and a team in the US Gulf of America.

Importance 90 Sentiment 60

loc

United States===Gulf Coast of the United States

The US Gulf of America is identified as one of the world's most prolific oil and gas basins, where Harbour Energy has established a leading position through its acquisition of LLOG Exploration Company LLC.

Importance 50 Sentiment 0

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Linda Cook (businesswoman)

Linda Cook (businesswoman), CEO of Harbour Energy, commented on the acquisition, highlighting its importance for Harbour Energy's journey and its potential to deliver significant value for shareholders.

Importance 30 Sentiment 0

exch

London Stock Exchange

An application has been made to the London Stock Exchange for admission of the Consideration Shares related to the acquisition, which are expected to be admitted to trading on its main market.

Importance 20 Sentiment 0

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BASF

BASF is mentioned as a legacy shareholder of Harbour Energy, owning 42% of the voting ordinary shares.

Importance 15 Sentiment 0

govactor

United Kingdom===Financial Conduct Authority

The Consideration Shares are expected to be listed on the Equity Shares (Commercial Companies) Listing Category of the Official List of the United Kingdom===Financial Conduct Authority.

Importance 10 Sentiment 0

Relationships

Linda Cook (businesswoman) related ↔ Harbour Energy

BASF related ↔ Harbour Energy

Harbour Energy related ↔ LLOG Exploration Company

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