DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9dx3lc/offshore_oil_and) has announced the addition of the "Offshore Oil and Gas Satellite Communications Market" report to their offering.
Despite disruptions from oil and gas pricing, this industry remains one of the highest growth industries for the satellite Very Small Aperture Terminal (VSAT) market. Even during a period of lower margins for oil and gas companies, their consumption of VSAT services and hardware is stronger than the overall VSAT industry average. This research will include analysis of spending on satellite communications by oil and gas vendors.
Though spending on exploration may slow down over the next couple of years while prices are down, offshore drilling and operations will remain strong.
In addition, there are very few offshore vessels that are not currently in use. The number of inactive vessels remains generally consistent, with no significant change in utilization. Thus, while profit margins may have reduced, production has remained consistent.
Decreased oil prices do not affect the communications needs of active ships and vessels that are offshore and unreachable by traditional terrestrial technologies. Thus, the demand for satellite communications in the oil and gas industry will remain strong, being required for monitoring and providing offshore personnel with communications.
The decreased price of oil globally is a temporary phenomenon which will eventually be reversed. However, over the next couple of years, this will be a relevant trend in the industry and dictate spending in the industry.
Despite disruptions from oil and gas pricing, this industry remains one of the high-growth industries for the satellite VSAT market. Even during a period of lower margins for oil and gas companies, their consumption of VSAT services and hardware is stronger than the overall VSAT industry average.
Revenue in this research includes US dollars used to purchase satellite VSAT services for oil and gas communications.
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Drivers and Restraints - Total Offshore Oil and Gas Satellite Communications Market
4. Forecasts and Trends - Total Offshore Oil and Gas Satellite Communications Market
5. Market Share and Competitive Analysis - Total Offshore Oil and Gas Satellite Communications Market
6. North America Analysis
7. Latin America Analysis
8. Europe Analysis
9. APAC Analysis
10. Middle East Analysis
11. Rest of World Analysis
12. The Last Word
For more information visit http://www.researchandmarkets.com/research/9dx3lc/offshore_oil_and