ChampionX

SLB Jumping into Merger Game with ChampionX, Aker Carbon Deals to Accelerate E&P Efficiencies, CCUS

SLB Jumping into Merger Game with ChampionX, Aker Carbon Deals to Accelerate E&P Efficiencies, CCUS

In its second transaction in less than a week, SLB Ltd. agreed Tuesday to buy ChampionX Corp., considered a leader in oilfield reservoir optimization. The all-stock merger with ChampionX, headquartered in The Woodlands north of Houston, was valued at nearly $8 billion. Once the transaction is completed, now expected by year’s end, ChampionX shareholders would…

April 3, 2024