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?
The right combination of price, end-user requirements, and connectivity demand is having a significant impact on the market.
As digitalization continues to move across the O&G sector, new sources and production capacity continues to come online. “Big Data” and real-time data are fundamentally transforming the how of Oil & Gas exploration & production – pushing more bi-directional transfer of information from well to HQ. With all of this data information, VSAT Broadband connectivity.
Join NSR as it navigates through the shale-gas boom, the move to deeper waters, smarter grids, and mining automation. With NSR projecting over 460,000 In-service Units and $2.2 Billion in retail revenues by 2022, the Energy market continues to provide solid growth for the satellite communications industry. While Oil & Gas generates the most revenues,.