SLB is expanding its digital subsurface and planning portfolio through its acquisition of S&P Global Energy’s geoscience and petroleum engineering software business. SLB said in a press release announcing the deal that the S&P Global software will complement its existing digital subsurface offerings by supporting planning, interpretation, and analytics workflows alongside its advanced modeling solutions.
"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.
SLB plans to integrate the technology into its digital platforms while preserving existing customer workflows and adding agentic AI capabilities.
The companies also agreed to collaborate on new AI models using SLB’s Lumi platform and Tela agentic AI framework to unlock further insights from S&P Global Energy’s upstream data. This transaction is expected to close in the second half of 2026 or early 2027.
Separately, S&P Global Energy announced plans to launch Titan, an AI-powered upstream data platform designed to transform how customers discover, analyze, and act on high-quality data and insights.
"Backed by an innovative new AI-powered platform, Titan, that will fundamentally change how our upstream data is connected and delivered, we are taking a significant leap forward in how we serve global energy markets as the most trusted provider of data and insights. These new investments could not come at a more important time as the world navigates a challenging energy environment, powered by the data and insights we provide,” said S&P Global Energy’s President Dave Ernsberger.