Schlumberger-ChampionX $7.8 billion global merger approved in Australia
By Saloni Sinha ( June 26, 2025, 06:24 GMT | Insight) -- More than a year after it was first announced and following two delays, global oilfield-services provider Schlumberger has secured approval from Australia’s competition watchdog to acquire 100 percent of ChampionX. SLB, referred to by its former name Schlumberger, and ChampionX both operate in the global and Australian oilfield-services markets. While the $7.8 billion merger was announced in April 2024, the ACCC commenced its investigation in November 2024. More than a year after it was first announced and following two delays, global oilfield-services provider Schlumberger has secured approval from Australia’s competition watchdog to acquire 100 percent of ChampionX....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.