Electric submersible pumps
Search documents
Houston Oil Giant SLB Still Enabling Russian Oil Production Despite U.S. Sanctions
Forbes· 2025-11-13 17:25
The SLB headquarters in Houston, Texas, US, on Tuesday, April 2, 2024. SLB agreed to acquire rival oilfield service provider ChampionX Corp. for $7.8 billion in an all-stock deal, a move that will bulk up SLBs portfolio as aging shale fields prompt US drillers to seek better technology to maintain oil and gas production. Photographer: Mark Felix/Bloomberg© 2024 Bloomberg Finance LPWhen the U.S. rolled out fresh sanctions targeting Russia's oil sector in January 2025, prohibiting American citizens from provi ...