Harbour Energy to Buy LLOG Exploration for $3.2 Billion

Harbour Energy

HBR

decrease; red down pointing triangle said it is buying LLOG Exploration from LLOG Holdings for $3.2 billion, marking a strategic entry into the Gulf of Mexico, which the U.S. now calls the Gulf of America.

The oil-and-gas producer said Monday that the deal includes a $2.7 billion cash payment, with the rest payable in ordinary shares.