Globecomm has released its latest white paper for the energy industry. “Communications for Upstream Operations: For Safety, Security and Crew Welfare” explores how expanding upstream operations can make the best use of all forms of communication to deliver the high-productivity, safety and reliability that oil and gas companies demand.
After a three-year period of contraction, the oil and gas business is on an upswing. Recovering onshore activity in the US is already boosting demand for oilfield services, and analysts expect that recovering markets outside the US will add to the momentum. Already, the rise in crude prices boosted revenues 15.1 percent at Schlumberger and 47.7% at Halliburton in Q4 2017 alone, according to the research firm BMI. The business press is full of stories about labor shortages in the wake of severe cutbacks three years ago.
The increase in drilling and production will drive greater demand for the connectivity on which the modern wellhead depends. The industry’s recent experience with crisis has driven many firms to increase their use of digital technologies to drive greater productivity. The research firm NSR forecasts that the oil and gas business will spend a billion dollars per year on satellite connectivity alone in 2027, up from $700 million in 2017.
Download your copy of “Communications for Upstream Operations.”
Check out our previous white paper, “Delivering the Big Data Revolution to Oil & Gas.”
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