SLB (SLB) is expected to announce plans to acquire S&P Global (S&P Global) Energy’s geoscience and petroleum-engineering software business, Bloomberg reports citing sources
- SLB expects the acquired software to complement its in-house technology used to analyse and model subterranean oil and natural gas deposits.
Context
Schlumberger's prospective acquisition of S&P Global’s energy software business suggests a strategic move to enhance their existing technology for analyzing oil and gas reserves. This could bolster SLB's competitive edge in the market and signals consolidation in the energy sector, which may impact peers and drive further M&A activity. Investors will likely weigh the strategic benefits against potential integration challenges and regulatory scrutiny.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#SCHLUMBERGER LTD#SLB.US#EQUITIES#ENERGY#EU SESSION#COMMODITIES#NATURAL GAS#OIL & GAS EQUIPMENT & SERVICES#ENERGY EQUIPMENT & SERVICES#ENERGY (GROUP)#S&P 500 INDEX#SCHLUMBERGER NV#SLB#US EQUITIES