New U.S. metals tariffs to drive up oilfield equipment costs, ChampionX exec says

Reuters

2025/02/11

SINGAPORE, Feb 11 (Reuters) - ChampionX CHX.O expects new U.S. import tariffs on steel and aluminium to drive up equipment costs for oilfield service firms, a company official told the India Energy Week conference on Tuesday.

The company is still committed to closing a merger deal with top oilfield services company SLB SLB.N in the first quarter, Steve Davoren, regional business development director, said.

(Reporting by Mrinalika Roy; Writing by Florence Tan; Editing by Christian Schmollinger)

((Florence.Tan@thomsonreuters.com; Reuters Messaging: florence.tan.thomsonreuters.com@reuters.net))

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