Chuck Moseley, Director, Internet of Everywhere, Inmarsat, defines the top challenges facing the oil and gas industry today, and discusses how reliable satellite connectivity can enable industry leaders to turn their challenges into successes.
The decline in the Oil Gas market is news to no one. With oil prices falling to under US$40/bbl and natural gas prices declining in a similar manner, the only thing that does not seem to be plummeting is demand. The market’s appetite for oil and gas products is ever increasing, and with margins squeezed, the industry must do what it has always done: keep pace with demand through the efficient use of resources. In other words, do more, with less.