S&P Global Completes Sale of Upstream Energy Software Portfolio to SLB

MT newswire2026/09/01 16:26

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12:26 PM EDT, 09/01/2026 (MT Newswires) -- S&P Global (SPGI) said Tuesday it has completed the sale of its geoscience and petroleum engineering software portfolio to SLB (SLB). The company said customers can still access S&P Global Energy data through the divested tools via a strategic alliance with SLB. The transaction was first announced in April. Financial terms were not provided. S&P Global said the deal is not expected to have a material impact on its consolidated financial results or on those of its Energy division. S&P Global also confirmed the rollout of Titan, an AI-powered upstream data platform. Price: 430.10, Change: -5.74, Percent Change: -1.32

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41