TotalEnergies has awarded a contract to SLB’s OneSubsea joint venture for the Kaminho deep-water project offshore Angola. The contract is for a 13-well subsea production system including associated equipment and services. The French oil and gas major and its partners in the block aim to develop the Kaminho project in two phases, focusing on the […]
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. X SLB (SLB), formerly Schlumberger, plans to purchase ChampionX in an all-stock transaction. ChampionX’s board of directors unanimously approved the deal. Under terms […]