Norway’s competition authority fines SLB NOK 30 million
The regulator says SLB supplied incorrect information on tender rankings and equipment in Norway’s continental shelf in its ChampionX acquisition filing.
The Norwegian Competition Authority imposed a NOK 30 million administrative fine on SLB for incorrect information in its filing to acquire ChampionX. The authority’s 7 October notice concerns SLB’s 2025 acquisition of all ChampionX shares.
The regulator said information on the companies’ rankings in production-chemical tenders and equipment SLB uses in drilling services on the Norwegian continental shelf did not match the actual situation. SLB may appeal within six months of receiving the decision; the notice does not report an appeal outcome.
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