October 27, 2016 1:44 PM ET

Energy Equipment and Services

Company Overview of RigNet, Inc.

Company Overview

RigNet, Inc. provides digital technology solutions to the oil and gas industry. The company operates through three segments: Eastern Hemisphere, Western Hemisphere, and Telecoms Systems Integration. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company also offers a communications package of voice, data, 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, as well as other valu...

1880 South Dairy Ashford

Suite 300

Houston, TX 77077

United States

Founded in 2000

546 Employees





Key Executives for RigNet, Inc.

Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Age: 52
Total Annual Compensation: $147.5K
Chief Sales Officer and Senior Vice President
Age: 55
Total Annual Compensation: $264.2K
Senior Vice President and General Counsel
Age: 62
Total Annual Compensation: $262.0K
Compensation as of Fiscal Year 2015.

RigNet, Inc. Key Developments

O3b Networks, RigNet and MODEC Announce Agreement

O3b Networks, RigNet and MODEC announced an agreement to provide high-throughput, low latency connectivity for MODEC’s Floating Production Storage and Offloading (FPSO) vessels off the coast of Brazil. RigNet will integrate the O3b satellite network solution, enabling MODEC to deliver operational decisions in real-time through advanced collaborative environments.

RigNet, Inc. Announces Executive Changes

Effective September 22, 2016, RigNet, Inc. appointed Charles E. Chip Schneider as its Principal Accounting Officer. In additional to his role as Principal Financial Officer, Mr. Schneider will assume the duties of Principal Accounting Officer from Kevin Gerland. Effective September 22, 2016, Mr. Gerland will depart the Company to pursue other interests. Mr. Schneider has served the Company as Senior Vice President and Chief Financial Officer since 2015. Prior to joining the company, Mr. Schneider served as Vice President and Chief Financial Officer, Engineering and Construction, Americas for KBR, Inc. (KBR). From 2010 - 2014, Mr. Schneider served as Vice President, Finance and Treasurer for KBR, from 2008-2010 as Vice President of Corporate Development and from 2006-2008 as Vice President and Treasurer.

RigNet Wins Multi-Vessel Contract with an International Energy Service Company

RigNet, Inc. announced that it has been awarded a multi-vessel contract providing RigNet’s managed communication network for an international offshore energy service company that performs well intervention, subsea contracting and other services. RigNet also is delivering communication services to a national oil company and the vessel owner through customer for their operations in Brazil. To ensure reliable and secure communications for these vessels, RigNet will use VSAT technology to deliver a fully managed, end-to-end, network. The contract includes managed communications by RigNet’s Global Network Operation Centers (GNOC) for technical support, which will include installation, commission, monitoring and maintenance.

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