Oil and gas drilling services provider Velesto Energy Bhd may be a beneficiary of the move by the government to improve ...

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and ...

What are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is ...

KUALA LUMPUR: Velesto Energy Bhd has proposed a capital reduction exercise, reducing RM1.20bil from its issued share capital pursuant to Section 116 of the Companies Act 2016. In a statement, Velesto ...

Velesto Energy Berhad has provided an update on the Velesto Naga 7 rig, which was revealed to have submerged on May 4. Velesto Energy Berhad has provided an update on the Velesto Naga 7 rig, which was ...

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. (Reuters ...

Velesto Energy Bhd. (Velesto) has signed a Memorandum of Understanding (MOU) with Petroliam Nasional Bhd. (Petronas) and National Oilwell Varco L.P. (NOV) to implement rig mechanized automation ...

Malaysia-based Velesto Energy’s subsidiary Velesto Sumber has won a contract for jack-up drilling rig services and related operations offshore Thailand from Northern Gulf Petroleum (NGP). The contract ...

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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 ...

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 months ...

Velesto Energy Bhd saw RM697 million wiped off its market capitalisation today after its share price tumbled 31% to 19 sen from 27.5 sen yesterday on the back of a RM100.4 million net loss for its ...