Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
Jio IPO Filing Nears as Reliance Targets $4 Billion Market Debut 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks 
Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business 
BHP Shares Fall as Jansen Potash Project Costs Surge 
Trump Administration Delays DeepSeek and CXMT Trade Blacklist Designations Amid U.S.-China Tensions 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Ukrainian Drone Makers Target Japan and Asia Defense Market 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Hyundai to Acquire SoftBank’s Remaining Boston Dynamics Stake for $325 Million 
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
Trump Says Anthropic No Longer Seen as National Security Threat 
GM and Lockheed Martin Partner to Strengthen U.S. Defense Manufacturing Capacity 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
HOUSTON, Dec. 07, 2015 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ:RNET), a leading global provider of managed remote communications and collaborative application to the oil and gas industry, today announced it has been awarded a new Master Services Agreement to deliver communications systems and infrastructure for multiple land drilling and well completion sites in the Continental United States and Western Canada. The award of this contract by a leading U.S. independent oil and gas operator extends RigNet’s track record of successfully deploying fully managed connectivity solutions to support exploration and production in unconventional shale basins.
“To address safety and productivity goals, today’s North American shale drilling operators depend on robust, reliable remote connectivity,” said Mark Slaughter, RigNet’s chief executive officer and president. “Our customer’s operations extend from Western Canada all the way to states along the U.S. Gulf Cost. The scalability of our agreement enables RigNet to provide the volume of service required in today’s drilling environment, while enabling us to grow with this important customer should market conditions improve, as expected, over the term of the agreement.”
The RigNet scope of work includes the installation and management of mission critical communications and data infrastructure for multiple land drilling and well completion sites across a 36-month operations schedule. The managed services include a fully-redundant telecommunications solution (LTE + VSAT), including dedicated voice and data connectivity, personnel radio communications and 24/7 IT support for the land operator and Health, Safety and Environmental personnel on each site.
“As the industry’s leading provider of remote communications for land drilling operations, RigNet applies best practices from exploration and production facilities worldwide to deliver a unique level of customer service in North America,” said Chris Lambert, Region Vice President - Americas. “The selection of RigNet to serve this customer’s mobile, regionally-diverse fleet demonstrates the trust that oil and gas operators place in our organization to ensure drilling and production operations proceed in a safe and productive manner.”
About RigNet
RigNet (NASDAQ:RNET) is a leading global provider of managed remote communications, telecoms systems integration and collaborative applications dedicated to the oil and gas industry, focusing on offshore and onshore drilling rigs, energy production facilities and energy maritime vessels. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to over 1,100 remote sites in fifty countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. For more information, please visit www.rig.net. RigNet is a registered trademark of RigNet, Inc.
Media contact: Cameron Wallace Director - Communications Tel: +1 (281) 674-0254 [email protected]
