Liquidating assets for cash, S&P Global sells energy software portfolio to SLB, launches AI platform

S&P Global (NYSE: SPGI) announced it will sell its geoscience and petroleum engineering software portfolio to SLB, a global technology company, as part of a strategic restructuring of its upstream energy business.

The divested portfolio includes Kingdom Software, Petra, Harmony Enterprise, Analytics Explorer, SubPUMP, PowerTools, FieldDIRECT, Piper, WellTest, and The Element Platform, along with associated business services. These subsurface and engineering software tools are used by U.S. onshore and unconventional operators.

Concurrently, S&P Global Energy will launch Titan, an AI-powered upstream data platform designed to serve an estimated 110,000 users across 4,000 client organizations spanning 113 countries. The platform is currently in beta testing with select customers and is scheduled for full commercial launch later this year.

“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,” said Dave Ernsberger, President of S&P Global Energy.