SLB

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $S&P Global(SPGI.US) S&P Global to Sell Energy Software Portfolio to SLB

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ S&P Global to divest 𝐠𝐞𝐨𝐬𝐜𝐢𝐞𝐧𝐜𝐞 and engineering software to SLB.

➤ Portfolio includes 𝐊𝐢𝐧𝐠𝐝𝐨𝐦, Petra, Harmony, and FieldDIRECT platforms.

➤ Move part of strategic 𝐮𝐩𝐬𝐭𝐫𝐞𝐚𝐦 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 restructuring.

➤ S&P to launch 𝐓𝐢𝐭𝐚𝐧, an 𝐀𝐈-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 upstream data platform.

➤ Titan targets 𝟏𝟏𝟎,𝟎𝟎𝟎 users across 𝟒,𝟎𝟎𝟎 organizations globally.

➤ Companies to expand 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 on data distribution and AI models.

➤ Deal expected to close 𝐇𝟐 𝟐𝟎𝟐𝟔 or early 𝟐𝟎𝟐𝟕.

Source: Hardik Shah