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Crude Oil News

Deal Spotlight Episode #6: SLB Forecasting US Shale Future By Buying ChampionX?

April 25, 2024 Clark Savage

Another merger, another Deal Spotlight! On today’s episode, we talk all things OFS and the merger of SLB + ChampionX that happened earlier this year. To break all this down, we needed to find an […]

Coal

Mexico Now Cutting Oil Production

April 3, 2024 Clark Savage

Daily Standup Top Stories Mexico Curbs Oil Exports April 2, 2024 Mariel Alumit Mexico’s state-controlled oil company plans to halt some crude exports over the next few months, a move that would cut supply from a […]

ChampionX
M & A

SLB To Acquire ChampionX, Return $7 Billion To Shareholders; CHX Stock Jumps

April 2, 2024 Clark Savage

Oilfield services giant SLB on Tuesday announced plans to acquire chemistry solutions and drilling technology provider ChampionX (CHX). SLB stock retreated early Tuesday while CHX stock, an S&P Midcap 400 component, jumped. SLB (SLB), formerly Schlumberger, plans to […]

SLB
Finance

SLB to buy ChampionX for $8 billion in growing deal-making in US energy sector

April 2, 2024 Clark Savage

April 2 (Reuters) – Top oilfield services company SLB (SLB.N), said on Tuesday it will buy smaller rival ChampionX (CHX.O), in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield […]

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