S&P Global announced a major strategic shift in its upstream energy business, including a definitive agreement to sell its geoscience and petroleum engineering software portfolio to SLB and the launch of a new AI-powered platform, Titan, designed to transform how energy data is accessed and analyzed.
The divested portfolio includes a suite of widely used subsurface and engineering software tools such as Kingdom, Petra, Harmony Enterprise, and FieldDIRECT, which are commonly used by U.S. onshore and unconventional energy operators. The transaction enables S&P Global to sharpen its focus on its core strength, delivering proprietary data and insights, while transitioning software capabilities to SLB’s broader digital and AI ecosystem.
Alongside the divestiture, S&P Global is introducing Titan, a new AI-powered upstream data platform that consolidates analytics and content into a unified workspace. The platform is designed to serve approximately 110,000 users across 4,000 client organizations, offering global coverage across 113 countries and supporting use cases ranging from individual analysts to large enterprises.
Currently in beta testing, Titan is expected to launch commercially later this year. The platform’s AI-driven capabilities enable anticipatory discovery, surfacing relevant insights and patterns before users initiate searches, with the goal of accelerating decision-making and improving strategic outcomes in complex energy markets.
The strategic repositioning also includes an expanded partnership between S&P Global and SLB. Under the agreement, S&P Global will continue distributing its proprietary data through the divested software tools, while collaborating with SLB to develop new AI-driven applications and expand distribution channels.
The move reflects a broader industry trend toward integrating artificial intelligence into data-driven workflows, particularly in energy markets where speed, scale, and accuracy are critical. By focusing on data and insights while leveraging SLB’s technology platforms, S&P Global aims to enhance its role as a central provider of intelligence across the upstream energy sector.
The transaction is subject to regulatory approvals and customary closing conditions, with completion expected in the second half of 2026 or early 2027. Financial terms were not disclosed.
KEY QUOTES:
“This new strategic direction for our upstream business will allow us to transform a core part of our business and deliver enhanced value to our customers. 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.”
Dave Ernsberger, President, S&P Global Energy
“Unconventional markets demand speed, scale and efficiency. This software portfolio is widely used by U.S. 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.”
Olivier Le Peuch, Chief Executive Officer, SLB
