July 15 (Reuters) - Britain's antitrust watchdog has

cleared oilfield services firm SLB's $8 billion

acquisition of ChampionX ( CHX ) after accepting commitments to

address competition concerns, with the deal set to close on

Wednesday.

The UK's Competition and Markets Authority accepted

commitments from SLB and ChampionX ( CHX ) instead of launching a more

detailed Phase 2 investigation, it said on Tuesday.

The world's largest oilfield services provider in April 2024

agreed to an all-stock deal for ChampionX ( CHX ) to strengthen its

production systems unit and expand its presence in chemicals and

automation used in oil extraction.