RigNet
RigNet, Inmarsat disputing cancelled $65 million Global Xpress contract
RigNet, a supplier of telecommunications services to the oil and gas industry, has pulled out of a $65 million capacity lease on Inmarsat’s Global Xpress satellite constellation, triggering a legal dispute between the two companies.
RigNet connecting fewer offshore rigs as energy market languishes
Oil-and-gas telecommunications service provider RigNet says more than 90 offshore rigs it helped link to land have shut down since late 2014, with more to follow as the energy sector continues to feel the global pressure of too much production.
