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

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.

Newsquawk StaffPublished 24 Apr 2026, 10:18 UTCOn the live feed at 09:58 UTC — 2 more headlines followed before this page went public

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ECB has reportedly stepped up its challenge against Visa (V) and MasterCard (MA), by agreeing to tech rules that will allow the introduction of a digital euro, FT reports

09:58

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

09:57

ECB's Kazimir says a slight rate increase may be required

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SLB expects the acquired software to complement its in-house technology used to analyse and model subterranean oil and natural gas deposits.

Context

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.

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