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Canadian Natural Resources settles with Competition Bureau over Schlumberger deal

( June 20, 2025, 15:04 GMT | Official Statement) -- MLex Summary: Canadian Natural Resources reached a settlement with Canada’s Competition Bureau to address concerns over its proposed acquisition of Schlumberger’s interest in the Palliser Block joint venture. The bureau found that the proposed transaction would likely result in a significant increase in market concentration in an area surrounding three natural gas processing plants: Seiu Lake, Wintering Hills and Wayne Dalum, all located approximately 130 kilometers east of Calgary. Statement follows in full. ...

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