S&P Global to sell geoscience, petroleum engineering software portfolio to SLB

S&P Global (SPGI) announced a definitive agreement to sell S&P Global Energy’s geoscience and petroleum engineering software portfolio to SLB (SLB). This portfolio of subsurface and engineering software, widely used by U.S. onshore and unconventional operators, includes Kingdom Software, Petra, Harmony Enterprise, Analytics Explorer, SubPUMP, PowerTools, FieldDIRECT, Piper, WellTest, and The Element Platform, together with associated business services. In addition, S&P Global Energy will launch an AI-powered upstream data platform known as Titan, designed to transform how customers discover, analyze, and act on high-quality data and insights. Currently in beta testing with select customers, Titan is scheduled for full commercial launch later this year. As part of this transaction, S&P Global Energy will continue to distribute its data through the divested geoscience and petroleum engineering workflow tools. The parties have also entered an agreement to expand their partnership through further data distribution and collaboration on building new AI models. The transaction is subject to the satisfaction of customary conditions, including the receipt of regulatory approvals, and is expected to close in the second half of 2026 or early 2027. Terms of the transaction were not disclosed.