The Competition Bureau of Canada announced on July 16, 2025, that it has reached a consent agreement with Schlumberger Limited (SLB) regarding its proposed acquisition of ChampionX Corporation. This agreement addresses competition concerns related to the oilfield services sector in Canada.
The resolution with the Canadian regulator signifies another successful step in securing global approvals for the significant merger. Both companies provide oilfield services in Canada, making the Competition Bureau's review a necessary part of the transaction process.
This agreement further reduces the regulatory hurdles for the SLB-ChampionX merger, contributing to the overall progress towards its completion. The terms of the consent agreement aim to preserve competition within the Canadian oil and natural gas industry.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.