VELESTO (5243): News and Blogs

https://oilprice.com/Energy/Oil-Prices/Wild-Oil-Price-Forecasts-Some-Predict-350-if-Strait-of-Hormuz-Is-Blocked.html

1 month ago

https://www.upstreamonline.com/exploration/petronas-carigali-completes-two-malaysia-wildcats-next-offshore-probe-imminent/2-1-1721040

1 month ago

Can't find HL numbers of shares held. I assumed that they already disposed of it. The latest I saw, KWAP joined in. Some signal that the big shark is showing interest now.

1 month ago

https://www.bloomberg.com/news/articles/2024-10-12/us-expects-israel-to-hit-iran-s-military-energy-sites-nbc-says

Latest news. If this materialize, then oil price will skyrocket 🚀🚀🚀

1 month ago

bosskubakery

Velesto timing?

1 month ago

Israel has phosphorus bomb if they really want to burn down even metal pipings ( phosphorus bomb can
generate extreme Heat which will melt metal pipe --massive damage in making---I heard Israel PM say many
many times )

1 month ago

EAGLE

Boring...

1 month ago

diuleiloumei

Hezbollah drone already hit Israel, velesto still sleeping dying

1 month ago

Armada sudah naik.. velesto pula turun

1 month ago

Velesto banyak fragile, oil price turun sikit dia jatuh mendadak. Oil price naik banyak dia jalan flat..banyak susah mahu predict ini velesto, tapi apa-apa boleh berlaku dalam stock market. Kena sabar je ler.

1 month ago

Tomorrow budget presentation, hopefully boleh jalan.

1 month ago

Goodwill5

Torday, Velesto plotted a pair of Bottom Tweezers candle stick which signify trend will be reversed to ascend and make breakout resistance of RM0.25.

4 weeks ago

👍👍👍👍 hopefully bro.

4 weeks ago

https://oilprice.com/Latest-Energy-News/World-News/Indonesia-Looks-to-Revive-Its-Oil-and-Gas-Industry.html
______________________

Velesto no longer has to depend on Petronas----I think Petronas will "lock-in " Velesto capacity in 2026--30

4 weeks ago

Indonesia population come very near 300mil ( Malaysia only 34mil ) Indon cannot afford EV within next 10yrs
so they have to depend on Oil extraction---Any Rigs movement from Malaysia water to Indonesia is fast and
cost much Less, ----much lower than said Thailand or Vietnam ( got monsoon weather )

4 weeks ago

CaptainRoz

sit tight with Velesto

4 weeks ago

https://www.upstreamonline.com/field-development/petronas-looking-to-build-on-its-thriving-business-offshore-indonesia/2-1-1727926

This will justify what SinGor mentioned earlier. Referring to this article, most probably, Velesto will divert their rigs to Indonesia off shore for an up-coming new contract, which is still under PETRONAS, but I guess PETRONAS will pay them much higher DCR...

3 weeks ago

https://www.thestar.com.my/business/business-news/2024/10/29/petronas-plans-significant-expansion-in-indonesia

JAKARTA: Malaysian national oil company Petroliam Nasional Bhd (PETRONAS) plans an “aggressive” expansion in Indonesia that will see it create a hub for its operations in East Java and invest in exploration in the country’s far-flung eastern regions, its Indonesia head says.

Indonesian President Prabowo Subianto’s government, which took office this month, has pledged to bolster energy development, aiming to reverse a decades-long decline in output by the former Organisation of the Petroleum Exporting Countries member.

3 weeks ago

Expertise

Trump won ,is it our money safe now?

2 weeks ago

😂🤣😂 nice question.

2 weeks ago

As far as I know, Trump got mentioned that if he wins the election, USA will pull out of the Paris agreement.

2 weeks ago

Hansek

this stock tak boleh pakai one eventhough missle already launched

2 weeks ago

Expertise

make veleslow great again….

2 weeks ago

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

3 assassins Capture by FBI who are suppose to KILL Trump before election are Hired by Iran ( revenge killing
bcos Trump ( US President then-- Order ) Iran General to be killed in a Drone strike )--Big Question on Monday,
Will Biden ask Israel to strike Iran next week bcos US policy is,-- USA can kill Iran General but Iran cannot kill
USA President ( not a fair world )

1 week ago

xcraft

1 week ago

Sniper S

What's wrong with Velesto?

1 week ago

The potential merger between MISC and Bumi Armada is heating up. Petronas owns 51% of MISC's stake. Refer to the past news: PNB is willing to do the same if there is a good buyer. PNB also holds 13.25% of Bumi Armada shares. What's going to happen next, no one knows.

1 week ago

blacksmith

Stoopid counter

1 week ago

gkungpat

Sesuai la tu dengan nama Veleslow.. 🤭🤭🤭

1 week ago

paperhand123

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

1 week ago

Hansek

what the hell with this counter

1 week ago

diuleiloumei

Hello velesto, are you not making profit?

5 days ago

Goodwill5

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.

5 days ago

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

5 days ago

Next week 3rd qtr announcement.

2 days ago

Yeah, been waiting for the QTR

2 days ago

EAGLE

Div payment next week

2 days ago

Yahoo...

1 day ago

https://theedgemalaysia.com/node/734654

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.

1 day ago

gkungpat

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

1 day ago

INVEST_AA

22 hours ago

INVEST_AA

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

22 hours ago

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.

9 hours ago

@Macgyver111 .. thank you

8 hours ago