S&P Global (NYSE:SPGI) is overhauling its energy sector offerings, agreeing to sell its legacy upstream software portfolio to SLB while unveiling a next-generation, AI-driven data platform designed to modernize how energy firms access global market intelligence.
The New York-based financial information giant reached a definitive agreement to divest its suite of geoscience and petroleum engineering software to SLB.
The transaction includes established industry tools such as Kingdom, Petra, and Harmony Enterprise.
The strategic divestiture marks S&P Global’s move to decouple specialized software workflows from its core proprietary data distribution, allowing the company to focus on high-margin intelligence services rather than software maintenance.
As part of the shift, S&P Global is launching Titan, an AI-powered platform tailored for the upstream energy market.
Titan is engineered to cover 113 countries and is projected to serve approximately 110,000 users across 4,000 client organizations.
The platform utilizes advanced machine learning to provide predictive analytics and real-time data visualization, with a full commercial rollout scheduled for later in 2026.
The deal also establishes an expanded data partnership with SLB.
This arrangement ensures that S&P Global’s industry-standard data will remain integrated into the software tools now owned by SLB, providing a seamless transition for engineers and geoscientists who rely on both the software and the underlying data for critical exploration and production decisions.
The transaction is subject to standard regulatory approvals and is expected to close before the commercial debut of the Titan platform.