SLB (SLB.US) intends to acquire S&P Global, Inc.'s energy and petroleum software business, leveraging the NVIDIA Corporation REFIREAI platform.

According to sources familiar with the matter, the world's largest oilfield services provider SLB (SLB.US) is expected to announce on Friday its plans to acquire the Earth Science and Petroleum Engineering software business of S&P Global, Inc. Energy (S&P Global Energy Inc.). The above-mentioned sources, who requested anonymity due to discussing confidential information, stated that SLB anticipates that the software it is acquiring will complement its internal technology used for analyzing and simulating underground oil and natural gas reservoirs. This transaction includes a range of renowned analytical modeling tools in the oil and gas industry such as Kingdom, Petra, and Harmony Enterprise. These software programs are not only the technological backbone of onshore and unconventional oil and gas resource development in the United States, but also the core bridge connecting physical oilfields with digital twins. For S&P Global, Inc., this asset divestment aims to streamline its business and allow it to focus more on providing proprietary upstream data services and insights; for SLB, which is currently in a critical period of digital transformation, this is not only an expansion of its technological footprint, but also a strategic move to seize the authority to set industry rules in the post-petroleum era. The reason why this acquisition has drawn significant attention from the capital markets lies in its close connection to the recent deep strategic collaboration between SLB and the technology giant NVIDIA Corporation (NVDA.US). According to sources familiar with the matter, after accelerating plans to expand the development of energy AI tools with NVIDIA Corporation, SLB moved forward with the absorption of S&P Global, Inc.'s software assets. In this context, NVIDIA Corporation's role is not only as a hardware supplier, but also as the underlying engine of SLB's "energy AI ecosystem." By integrating the valuable underground geological data accumulated by S&P Global, Inc. over decades, SLB can leverage NVIDIA Corporation's top-notch GPU computing power and the NeMo generative AI platform to transform static professional software into intelligent systems with self-iterative capabilities, thus creating specialized large models for the energy industry. In its specific strategic layout, the software portfolio of S&P Global, Inc. will become the key "fuel" in SLB's digital blueprint. SLB plans to seamlessly integrate these newly acquired technological assets into its Lumi data and AI platform developed through the Tela artificial intelligence agent framework, to unearth the potential dormant in vast reservoir data. This deep integration signifies that future oil and gas exploration will bid farewell to inefficient human experience judgments and rely on AI models supported by NVIDIA Corporation's technology for automated reservoir identification, pressure prediction, and drilling optimization. This shift from "selling services" to "selling algorithms" and "selling computational power" marks SLB's reshaping of the technological boundaries in the oil and gas industry, striving to establish absolute technological barriers under the dual pressures of energy security and efficiency. Looking ahead, this transaction, expected to be completed in the second half of 2026 to early 2027, foretells an unprecedented paradigm shift in the energy industry. With S&P Global, Inc. simultaneously launching the AI-driven Titan upstream data insights platform, and SLB's successive capital moves in the digital field, the entire upstream energy chain is undergoing a comprehensive transition from traditional engineering to advanced intelligent computing.