Trending News: Oil Prices Rise as Hormuz Stays Shut Ahead of Trump Deadline, Strikes on Iran IntensifyTrump Says ‘A Whole Civilization Will Die tonight’ if Iran Does Not Make a DealUS Hits Military Targets on Iran’s Kharg Island, Vance Says No Change to Strategy India’s Fuel Consumption Climbs Even as LPG Supplies TightenIndia Turns to Venezuelan Crude as Middle East Supply FaltersEuropean Gas Futures Jump 3% as Trump’s Iran Strike Deadline NearsLinde to grow US capacity with North Carolina ASULinde to grow US capacity with North Carolina ASUMicrosoft signs 15-year BECCS credit deal in CanadaMNRE Centralizes Renewable Energy Bidding Under SECI, Tightens Rules to Clear PPA BacklogRecurrent Energy Sells 42.5 MWp Higher Witheven Solar Project In Cornwall After Securing UK CfD ContractTwo Halma group brands move under Salaera tech platformCoro Energy Begins 1.6 MW Rooftop Solar Project In VietnamPPC Group Completes 2.13 GW Of Solar Parks In Western Macedonia, Transforming Former Lignite Mines Into Europe’s Largest PV ClusterSomalia Set To Begin First Ever Offshore Oil Drilling In AprilIraq Prepares to Ramp Up Production After War DisruptionSouth Korea Scrambles to Secure Oil Beyond HormuzOil Market Maintains Cautiously Bullish BiasSolar-Plus-Battery Systems Could Meet 90% of India’s Power Demand at Competitive Costs: Ember AnalysisCharbone refills helium trailer for Canadian distributorNikkiso CE&IG wins cryogenic pump contract for major German LNG siteAirgas provides high-pressure nitrogen for Artemis IIINOXAP commissions first ultra-high purity liquid oxygen facility in IndiaLNG ships halted as strait deadline nearsLNG ships halted at strait deadline nearsU.S. Oil Premiums Hit Record High as World Scrambles for CrudeQatar’s LNG Exports Still Frozen as Two Tankers U-Turn at HormuzIndia Back to Buying Venezuelan CrudeCarbon Capture Edges Forward Despite Cost ChallengeInvestors Press Amazon, Microsoft and Google on Water, Power Use in US Data CentersUS Crude Exports Test Limits as Shipping Constraints MountPhillips 66 Faces $900 Million Loss as Iran Crisis Lifts Oil PricesEnergy Shock Prompts Analysts to Cut India’s GDP Growth ForecastsConstruction of second Jinqimen unit beginsFirst criticality for Indian fast breeder reactorSouth Korean reactor restarts after three-year outageAMPERA, Scorpio team up for maritime microreactorsTrump Says Tuesday Deadline to Make a Deal With Iran is FinalTrump Says Iran Could be ‘Taken Out’ on Tuesday, Hegseth Says Major Strikes to ComeBuyout Firm ECP to Re-Acquire Nuclear Services Firm EnergySolutionsUkraine Steps Up Drone Attacks on Russian Oil InfrastructureOil Prices Fall After US and Iran Receive Framework Ceasefire ProposalTrump’s New Deadline Looms With Mediators Pushing for TruceOil Shock Is Adding Stress to the Global EconomyUS Crude Premiums Climb to Record Levels as Asia, Europe Compete for SupplyNearly 50 Qatar LNG Tankers Sit Idle Across AsiaPakistan Emerges as Key Mediator in Push to End Hormuz CrisisSaudi Arabia Sets Record Premium for Flagship Crude as Hormuz Crisis DeepensQatar LNG Tankers Make First Move Through Hormuz Since War BeganTwo More Indian LPG Tankers Clear Strait of HormuzOPEC+ Decides to Boost Production in MayAtlas Copco completes $16.9m SDC buyItaly Ready to Restart Coal-Fired Plants, Postpone Total Coal PhaseoutCERC Issues First Amendment To 2022 REC Regulations, Introducing VPPAs And New Certificate MultipliersSukošan Solar Power Plant Set For 45 MW Grid Connection And New 110/33 kV Substation ConstructionJakson Green Signs $465 Million Green Ammonia Supply Agreement with SECI Under National Green Hydrogen MissionTrump Says US Could ‘Take the Oil’ in Hormuz PushOPEC Commits to Boost Output Once Hormuz ReopensIraq Scrambles to Stabilize Exports as Iran Grants PassageOil Market Weighs Early Signs of Potential De-EscalationBlueWave Expands Legal Leadership As Becky Limmer Takes On Portfolio Support For Solar, Storage, And Infrastructure ProjectsAdani Green Energy Surges 8% Amid Record Derivatives Activity, Investors Show Strong AccumulationFirst Western European Vessel Transits Hormuz Since War BeganCuba Frees 2,000 Prisoners Amid Oil Supply CrunchMediators Said to Seek Ceasefire as Trump Escalates Iran ThreatsTrump Threatens to Hit Iran Infrastructure on Tuesday if Strait Remains BlockedVision 2030: Why system alignment is critical to 2030 targetsMasirah Oil to start three-well drilling program at Oman’s Yumna field in MayUS Intelligence Warns Iran Unlikely to Ease Hormuz Strait Chokehold SoonMnSEIA, SEIA, And CCSA Criticize Minnesota’s Approval Of Xcel’s 200 MW Battery Program, Warning Of Risks To RatepayersVictron Energy Demonstrates Integrated Energy Solutions at Solar & Storage Live Africa 2026 in JohannesburgBrazil Advances Tangará Project: New Transformers And 500 kV Line Upgrade Boost Reliability In Maranhão And ParáSmarter Power, Brighter Africa: Pylontech Deepens Presence in South Africa with All-Scenario Solutions and Local Service CenterHD Hyundai Energy Solutions Secures $85 Million Module Supply Deal for U.S. Solar ProjectTrump Says US Can Take Strait of Hormuz With More Time, Take the Oil and Make a FortuneChina Sets 2029 Deadline to Shut Down Outdated Petrochemical PlantsIndia Passes on Iranian Oil as Sanctioned Tanker Redirects to ChinaIndia’s Russian Crude Imports Jump 90% in March After U.S. WaiverUAE’s Biggest Gas Plant Forced Offline for Second Time Since War BeganOil Giants Show Early Interest in US Gulf Deepwater Field StakeEurope Braces for Prolonged Energy Crisis as Supplies TightenJP Morgan Sees $150 Oil if Hormuz Remains Closed Through Mid-MayCanada’s Synthetic Crude Soars 200% as War Chokes Diesel SupplyWhy Has the WTI Oil Price Surpassed Brent?Top Stories Of The Day: Cosmic PV Files ₹640 Cr IPO; Neuron Launches BESS Facility and More…OPEC+ Prepares Paper Oil Barrels While Exports StallOil Majors Eye U.S. Offshore Asset as Supply Crunch IntensifiesJapan’s JERA Cancels Long-Term LNG Deal With CommonwealthUS Utility-Scale Solar Developers Rush To Safe Harbor Massive Capacity Ahead Of Internal Revenue Service (IRS) And Policy DeadlinesBarro Alto Solar Complex Expands Its Capacity And Strengthens Renewable Generation In Brazil’s Electricity SectorMorro do Chapéu Project Reaches Key Milestone As 500 kV Medeiros Neto II–João Neiva 2 Line Begins OperationSonaura To Supply Albéa’s Scheßlitz Factory With Long-Term Solar Power Through New Private-Wire PPARussia Preparing to Send 2nd Oil Tanker to CubaLNG storage strategies swing into actionChina Directs Private Refiners to Maintain Fuel Output Even At A Loss40% of Russia’s Baltic Oil Export Capacity Offline as Gasoline Ban WidensUS Crude Jumps More Than 11%, Brent Nearly 8% After Trump Vows More Attacks on IranUS Regulators Grant California’s Last Nuclear Power Plant 20-Year Operating Life ExtensionUS Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes SaysUK Hosts 36-Country Summit to Reopen Strait of Hormuz

SLB’s ChampionX Deal Clears Final Hurdle With UK Approval

Business & Policy
July 15, 2025

(Reuters) – Britain’s antitrust watchdog has cleared oilfield services firm SLB’s $8 billion acquisition of ChampionX after accepting commitments to address competition concerns, with the deal set to close on Wednesday.

The UK’s Competition and Markets Authority accepted commitments from SLB and ChampionX instead of launching a more detailed Phase 2 investigation, it said on Tuesday.

Get the Latest US Focused Energy News Delivered to You! It’s FREE:

The world’s largest oilfield services provider in April 2024 agreed to an all-stock deal for ChampionX to strengthen its production systems unit and expand its presence in chemicals and automation used in oil extraction.

Reporting by Arunima Kumar and Raechel Thankam Job in Bengaluru; Editing by Shinjini Ganguli and Sriraj Kalluvila