SLB buys upstream software portfolio from S&P Global

USA

HOUSTON AND NEW YORK, April 27, 2026 – SLB has agreed to acquire a portfolio of geoscience and petroleum engineering software from S&P Global Energy, the companies announced on Friday.

The move is part of a strategic redirection of S&P Global’s upstream business and a push by SBL to expand its suite of digital subsurface and planning tools. The portfolio includes Kingdom Software, Petra, Harmony Enterprise, Analytics Explorer, PowerTools and other platforms developed by S&P Global that are used by onshore and unconventional operators in the US. The terms of the transaction were not disclosed.

“This software portfolio is widely used by US land operators in their daily workflows. By integrating these capabilities with our industrial-scale digital platforms and AI technologies, we can serve customers across the full spectrum of subsurface and planning needs,” said SLB CEO Olivier Le Peuch.

Under the agreement, S&P Global will continue to distribute its proprietary data through the divested platforms. The transaction is expected to close in the second half of 2026 or early 2027, subject to regulatory approvals and customary conditions.

In parallel, SLB and S&P Global also announced they will collaborate towards the launch of an upstream data platform called Titan that will combine SLB’s agentic AI tools with upstream data from S&P Global covering 113 countries.

Image courtesy of S&P Global

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