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SLB, ChampionX probed about artificial lift market in Brazilian merger review

By Flavia Fortes ( July 2, 2024, 13:41 GMT | Insight) -- The Brazilian competition authority has asked SLB, formerly known as Schlumberger, and ChampionX to provide information about their market shares in the artificial lift market. The companies notified their transaction last month, arguing that their presence in the artificial lift market in Brazil is insignificant. The Brazilian competition authority has asked SLB, formerly known as Schlumberger, and ChampionX to provide information about their market shares in the artificial lift market....

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