Britain's Competition and Markets Authority has greenlit the $8 billion merger between oilfield services firms Schlumberger and ChampionX, accepting binding commitments to resolve antitrust concerns. The regulator confirmed Tuesday it won't pursue further investigations into the deal after both companies provided remedies addressing competition issues. This decision removes a significant regulatory hurdle for the energy services consolidation, allowing the transaction to proceed without additional UK scrutiny. The approval comes after months of review by competition authorities examining potential market concentration effects in specialized oilfield equipment and services. Schlumberger's acquisition of ChampionX aims to strengthen its position in production chemicals and artificial lift technologies amid growing energy industry consolidation.