SLB to Acquire S&P Global’s Subsurface Oil Software Business

SLB, the world’s largest oilfield service provider, agreed to acquire S&P Global Energy Inc.’s geoscience and petroleum-engineering software business.

SLB expects S&P Global Energy’s software to complement its in-house technology used to analyze and model subterranean oil and natural gas deposits, the company said in a statement Friday. It will also make SLB more competitive in the US shale market, where technology is especially crucial.