PARIS — Energy sector remote communications provider RigNet Inc. said it had established a dedicated team to wrest contract concessions from reluctant satellite fleet operators even as it is “holding the line” on similar requests from its own customers.
Houston-based Rignet, faced with a Covid-19 drop in energy production activity coupled with an oil price war, said that while its satellite bandwidth-lease contracts today are more flexible than they were a few years ago when Rignet is faced with customers sidelining oil rigs.
“In some . . .
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