Schlumberger to Sell ChampionX Subsidiary in Deal with Competition Bureau

Schlumberger to sell ChampionX subsidiary in deal with Competition Bureau

GATINEAU - The Competition Bureau says Schlumberger Ltd. has agreed to sell a subsidiary of ChampionX Corp. as part of its deal to buy the oilfield services company.

SLB Seals ChampionX Takeover

The oilfield tech companies agreed to make certain divestments and licensing arrangements to resolve competition concerns raised by regulators in the U.S. ...

#?SLB Fortifies Market Standing with ChampionX Acquisition Amidst Mixed Financial Signals?

In a strategic move set to reshape its position in the oilfield services sector, SLB (NYSE: SLB) has finalized its acquisition of ChampionX Corporation, a deal that underscores the evolving dynamics of the energy industry. SLB announced the completion of the acquisition, having exchanged 0.735 shares of its ordinary stock for each share of ChampionX, effectively allowing ChampionX shareholders to control approximately 9% of SLB's circulating sha…

SLB Closes $7.76B ChampionX Purchase After Prolonged Review

SLB closed its long-awaited acquisition of ChampionX, adding scale in North America and growing in the production and recovery segment. The deal faced over 15 months of regulatory scrutiny in markets worldwide.

SLB completes $7.8 billion ChampionX acquisition – Oil & Gas 360

(World Oil)– SLB has successfully completed its previously announced $7.8 billion acquisition of ChampionX. The announcement follows a period of regulatory delays amid competition concerns, with the final regulatory hurdle being cleared yesterday as UK’s Competition and Markets Authority approved the deal to move forward. The acquisition strengthens SLB’s leadership in the production and recovery space. The integration of ChampionX production che