RigNet

RigNet, Inc. provides remote communications services for the oil and gas industry in North America and internationally. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company offers a communications package of voice, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access and other value-added services, such as real-time data management solutions, WiFi hotspots and Internet kiosks, video conferencing solutions, wireless intercoms, handheld radios, and telemedicine. The company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. It serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 30 countries, including the United States, Mexico, Qatar, Saudi Arabia, Singapore, and Australia. The company was founded in 2000 and is headquartered in Houston, Texas.

Slowing growth in oil demand hurts a supplier to offshore drillers.

Why RigNet Stock Is Slumping Today

RigNet, Inc. (RNET) CEO Steven Pickett on Q1 2019 Results - Earnings Call Transcript

The provider of remote communications solutions is starting to see a pickup in offshore services.

RigNet's Results Continue to Show Improvement in Q1

Market pressures are weighing on the remote communications services company.

Why RigNet Stock Is Tumbling Today

RigNet, Inc. (RNET) CEO Steven Pickett on Q4 2018 Results - Earnings Call Transcript

The provider of remote communications solutions still delivered solid underlying performance to end the year.

News for RigNet Stock (RNET)