The last few years have been turbulent ones for the oil and gas industries.  First, tumbling prices, initially due to a 30% decrease in demand as the pandemic effectively grounded airlines and severely curtailed other public transport and private vehicle usage.  This was rapidly followed by a price war, as Saudi Arabia stepped up output in a bid to become the dominant supplier.  At the same time, the industry, like many others was suffering a shortage of personnel due to the pandemic.  A serious issue for an industry that operates heavy machinery in remote locations.  

The last few years have been turbulent ones for the oil and gas industries.  First, tumbling prices, initially due to a 30% decrease in demand as the pandemic effectively grounded airlines and severely curtailed other public transport and private vehicle usage.  This was rapidly followed by a price war, as Saudi Arabia stepped up output in a bid to become the dominant supplier.  At the same time, the industry, like many others was suffering a shortage of personnel due to the pandemic.  A serious issue for an industry that operates heavy machinery in remote locations.  

NSR’s newly released Space Traffic Study, 2^nd Edition report finds that commercialization of more segments of the space value-chain is driving a rapid increase in traffic volumes.

Analysis by leading space consulting and market intelligence firm Euroconsult shows a 10% increase in the number of commercial aircraft connected to in-flight services compared to 2020, totalling 9,900 planes by the end of 2021. Within the next decade, the number of aircraft using such services is expected to double to more than 21,000.

Telstra has named Eric Dalessio as Vice President, Customer Service Delivery, for the Americas, responsible for driving digital transformation and business growth across the region while playing a key role in redefining the Telstra customer experience.

Analysis by leading space consulting and market intelligence firm Euroconsult shows a 10% increase in the number of commercial aircraft connected to in-flight services compared to 2020, totalling 9,900 planes by the end of 2021. Within the next decade, the number of aircraft using such services is expected to double to more than 21,000.

SpaceBridge Inc., a broadband satellite communications systems technology engineering leader, today announced that AXESS Networks, a global leading provider of encompassing connectivity solutions via satellite, selected SpaceBridge technology to provide a high-speed broadband trunk for community Internet access distribution in Santa Cruz Island in Galápagos, Ecuador.

Comtech Telecommunications Corp. (NASDAQ: CMTL) today announced that its Board of Directors has appointed Chairman Ken Peterman President and Chief Executive Officer, succeeding Michael Porcelain effective immediately.  Porcelain has also resigned from Comtech’s Board of Directors. Porcelain will be available to assist in the transition as needed.

Several hardware and software solutions from Steisslingen-based system house SatService (a Calian Company) have been included by SES, the leader in global content connectivity solutions, in their system design for O3b mPOWER, SES's next-generation MEO satellite system.

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) today reported its results for the second quarter ended June 30, 2022. The company reported reported revenues of US $55.5 million, operating profit of  US $1.5 million and Adjusted EBITDA of US$ 5.3 million.

Second Quarter 2022 Financial Highlights