New York – September 07, 2026 -- S&P Global (NYSE: SPGI) has completed the divestiture of its geoscience and petroleum engineering software portfolio to SLB, the oilfield technology company operating in more than 100 countries. Financial terms of the deal, first announced in April 2026, were not disclosed, and S&P Global said the transaction is not expected to materially impact its financial results or those of its Energy division.
SLB absorbs upstream workflow tools while S&P Global retains data distribution rights
Under the agreement, S&P Global Energy will continue supplying its proprietary data through the divested geoscience and petroleum engineering workflow tools now owned by SLB. The arrangement creates a strategic alliance designed to keep customers accessing S&P Global's datasets within the same tools they use for daily upstream operations.
S&P Global narrows upstream focus to data and AI platform Titan
Dave Ernsberger, President of S&P Global Energy, said the completed transaction allows the unit to concentrate on delivering data and insights to global energy markets rather than software workflow tools. The company is preparing to launch Titan, an AI-powered upstream data platform intended to change how the industry discovers, analyzes and acts on energy data.
Deal extends SLB's digital footprint in exploration and production software
The divestiture adds geoscience and petroleum engineering software capabilities to SLB's existing digital and technology offerings for oil and gas operators. SLB has positioned itself around innovating oil and gas operations, scaling digital services, and developing new energy systems as part of a broader energy transition strategy.