The leading Southeast Asian shallow-water drilling contractor Velesto Energy plans to reduce 1.2 billion ringgit (US$270 million) from its issued share capital as a means of sustaining its ...

Malaysian driller Velesto Energy returned to profit in the third quarter, buoyed by higher revenues during the period. Velesto posted a profit of 33.3 million ringgit ($8 million) for the three ...

A jack-up rig owned by Malaysian drilling contractor Velesto tilted and submerged at a location offshore Sarawak, Malaysia on Tuesday, the rig owner said. "The Board of Directors of Velesto Energy ...

KUALA LUMPUR: A strong performance by the drilling services put Velesto Energy Bhd in the black in the third quarter ended Sept 30,2019 with net profit of RM33.32mil compared with net loss of RM13 ...

Velesto Energy Bhd has won a US$10.9 million (RM50.26 million) contract for the provision of a jack-up drilling rig from Vestigo Petroleum Sdn Bhd, a subsidiary of Petronas Carigali Sdn Bhd.

Progressing on the insurance claims, on May 31, Velesto Drilling Sdn. Bhd, as the insured under the H&M policy, issued a notice of abandonment of the submerged rig to the H&M insurers, pursuant to ...

The MOU seeks to create a joint framework that uses NOV’s drilling automation system and other energy carbon optimization solutions, including robotics technology, on rigs operated by Velesto ...

PETALING JAYA: Velesto Energy Bhd, via its unit Velesto Drilling Sdn Bhd has received a letter of award worth RM60.6mil from PTTEP HK Offshore Ltd, PTTEP Sabah Oil Ltd and PTTEP Sarawak Oil Ltd ...