Oil and Gas players are looking to optimize and increase productivity across their operations – which is largely built on data capture, processing, and action. In the Middle East and Africa, digitalization within the energy industry is rapidly transforming the sector. This digitalization is creating focused on moving data from remote locations, congesting existing GEO-centric.
In today’s energy world, there is a growing need for resilient, high-speed connectivity that can seamlessly support everything from exploration and upstream scouting to extraction and distribution. Energy companies and remote operations worldwide are looking to improve productivity, crew well-being, and site safety with real-time video streaming, continuous communications, and advanced analytics. Demand for reliable,.
We won’t lie – 2018 was a hard year for satellite players with an interest in the Energy Markets. Commodity pricing for energy products was weak or unstable, global economic activity shrank, and energy customers had their own financial challenges. So – in the face of ongoing macro-economic challenges, why does NSR continue to be so optimistic around a 2020 turnaround?
NSR’s Energy SATCOM Markets, 8th Edition (ESM8) report, released today, forecasts retail revenues for key energy markets (Onshore and Offshore Oil & Gas, Midstream pipeline distribution, Mining, and Electrical Utilities) to yield nearly $10 Billion in cumulative revenues from 2018 – 2028.
The mining industry, which has so far remained the smallest addressable market for the energy satcom providers, is gradually morphing into a growth opportunity for satellite connectivity. On the heels of the last commodities downswing, globally diversified miners are focused on increasing productivity and maximizing the value of their existing assets, while newer mining juniors.