Harbour Energy plc posted record production and an increase in revenue, while losses doubled on UK taxes and write-offs during 2025. NEW PROJECTS Production increased by 84% to a 474 thousand barrels of oil equivalent per day (2024: 258 kboepd), with new wells and projects in the UK, Norway, Argentina and Egypt. Revenue and other […]
Tag: LLOG Exploration Company LLC
Harbour completes $3.2bn acquisition of LLOG
Harbour Energy plc has completed its $3.2 billion acquisition of LLOG Exploration Company LLC, operating in the Gulf of Mexico (Gulf of America). TVRs The purchase is through $2.7 billion cash and 174,855,744 new Harbour voting ordinary shares to the seller LLOG Holdings, L.L.C. with a value of $500m. Harbour used a $1bn bridge facility, a $1bn […]
Harbour enters Gulf with $3.2bn acquisition
Harbour Energy plc has entered the Gulf of Mexico (America) with the $3.2 billion (£2.4bn) purchase of LLOG Exploration Company LLC. PRODUCTION The proposed purchase from LLOG Holdings LLC comprises $2.7bn (£2bn) cash and $500 million (£371m) in 174,855,744 Harbour’s voting ordinary shares each at 205 pence. An underwritten $1bn (£740,000) bridge facility, a $1bn term […]