Harbour Energy plc joined the dealmaking parade on Thursday, announcing a $11.2 billion “transformational acquisition” of the upstream assets of Germany’s largest natural gas and oil producer, Wintershall Dea AG.

Wintershall has gas and oil prospects in Algeria, Argentina, Denmark, Egypt, Germany, Libya, Mexico’s onshore and offshore, and in Norway. Also included in the deal would be carbon capture and storage (CCS) licenses in Europe, but Russian assets are not included.

The mega deal with Wintershall shareholders BASF and LetterOne “materially enhances production, reserve life and margins,” and “increases exposure to natural gas,” Harbour executives noted.

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