VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.19

Today's Change

+0.005 (2.70%)

Day's Change

0.18 - 0.19

Trading Volume

11,419,400


29 people like this.

24,317 comment(s). Last comment by Atlas0103 1 hour ago

Posted by paperhand123 > 1 week ago | Report Abuse

pnb x tau goreng dan IBs yang bagi tp tau sembang saja...

Hansek

15 posts

Posted by Hansek > 1 week ago | Report Abuse

what the hell with this counter

Posted by diuleiloumei > 5 days ago | Report Abuse

Hello velesto, are you not making profit?

Goodwill5

66 posts

Posted by Goodwill5 > 5 days ago | Report Abuse

Velesto plotted double bottom candle sticks pattern between 9th September 2024 and 15th November 2024 and will reverse to ascend trend after breaking out of upper boundary of consolidation or Accumulation Phase recently.

SinGor

4,923 posts

Posted by SinGor > 5 days ago | Report Abuse

Trump has said ( recently ) he will Cut subsidy to EV car---Tesla overjoy bcos All US Big Car manufacturer cannot
compete with Tesla----Forget Green tech in next 5 years ( Trump era ) Even EU has collapsed EV target----Oil
is still KING

Posted by Macgyver111 > 2 days ago | Report Abuse

Next week 3rd qtr announcement.

Ninja _07

544 posts

Posted by Ninja _07 > 2 days ago | Report Abuse

Yeah, been waiting for the QTR

EAGLE

388 posts

Posted by EAGLE > 2 days ago | Report Abuse

Div payment next week

Ninja _07

544 posts

Posted by Ninja _07 > 1 day ago | Report Abuse

Yahoo...

Posted by Macgyver111 > 1 day ago | Report Abuse

PRESS RELEASE - TECHNOLOGY COLLABORATION: VELESTO, PETRONAS, AND NOV ON DRILLING RIG AUTOMATION SYSTEM AND ROBOTICS

2024-11-20 - 12:57 pm

Anyone here understand what this is all about? And why it is so important for a rig service company like Velesto.

gkungpat

144 posts

Posted by gkungpat > 1 day ago | Report Abuse

xcraft
https://www.petronas.com/media/media-releases/petronas-enhances-ep-technology-two-new-mous
1 week ago

*********************************************
👆🏼👆🏼👆🏼👆🏼👆🏼
Macgyver111
PRESS RELEASE - TECHNOLOGY COLLABORATION: VELESTO, PETRONAS, AND NOV ON DRILLING RIG AUTOMATION SYSTEM AND ROBOTICS

2024-11-20 - 12:57 pm

Anyone here understand what this is all about? And why it is so important for a rig service company like Velesto.
4 hours ago

INVEST_AA

557 posts

Posted by INVEST_AA > 23 hours ago | Report Abuse

Velesto collaborates with Petronas to implement automation, robotics on its drilling rigs

Posted by Macgyver111 > 10 hours ago | Report Abuse

Guys, here are the benefits from the rigs automation program, which is conducted by Velesto. Cost saving is tremendous if they really can execute it very well. Operation cost is the number one burden for most of the rig providers. (I do some research, feel free to read)

Benefits of automated handling robots for oil & gas drilling rigs.

1. Reduce accidents at the rig operation platform. Employee safety is most important, which needs to comply with HSSE regulations. Approximately 1,600 injuries and 18 fatalities were reported in 2014. Today it might increase more. 
2. Reduce high operation costs. Offshore workers need to be highly certified, which translates into substantial labor costs.
3. Transportation—highly skilled workers need to be transported to and from the platform by helicopter, which results in high transportation costs.
4. Time is valuable. Time needed until the first gas or oil is actually pumped. The shorter this time, the more profitable the drilling project will be. 
5. Prevent environmental impacts. To minimize the footprint of the operation, reduce the amount of energy needed and prevent accidents that might have a detrimental effect on the environment.
6. Reduce manual operations. As the automation systems are implemented, they will be replacing the manual workforce. Handling by robots is only a step towards lower operation.

Summary:
The system basically consists of a drill floor robot, robotic roughnecks, multi-size elevators, and robotic pipe handlers. It is designed to remove high-risk manual tasks from drilling platforms while adding a new level of speed, accuracy, and reliability to drilling operations.

Ninja _07

544 posts

Posted by Ninja _07 > 9 hours ago | Report Abuse

@Macgyver111 .. thank you

SinGor

4,923 posts

Posted by SinGor > 2 hours ago | Report Abuse

most Co reporting for 3rd Qr suffers Losses from forex----luckily Velesto "DonT" include forex in computing
Net Profit so i think Net Profit will be same as last Qr ( maybe better due to increase in Day Rate )

Posted by Atlas0103 > 1 hour ago | Report Abuse

SinGor net profit must be lower than past QR due to 3 rig under maintainance

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