SLB’s $7,75B ChampionX Acquisition Delayed
Oilfield services company SBL (formerly Schlumberger) said it has received a second request for additional information from the U.S. Department of Justice in connection with its $7.75 billion acquisition of rival ChampionX. ChampionX has also received a second request, SLB said, adding that it now expects the deal to close …
SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction
Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimization ChampionX shareholders to receive 0.735 SLB shares for each share of …
ChampionX Enters Exclusive Collaboration Agreement to Advance Nanotechnology for Production Equipment
ChampionX Corporation announced today an exclusive collaboration agreement with Modumetal Inc. The agreement is intended to drive production-related technology developments by combining Modumetal’s advanced materials and processes and ChampionX’s extensive research and development capabilities. Initially, the agreement calls for the introduction of Norris® Rod couplings coated with Modumetal nanolaminate technology. Under …