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

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 ...

We feel now is a pretty good time to analyse Velesto Energy Berhad's (KLSE:VELESTO) business as it appears the company may be on the cusp of a considerable accomplishment. Velesto Energy Berhad, an ...

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 ...

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 ...

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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KUALA LUMPUR, May 6 -- Offshore drilling company Velesto Energy Bhd will focus on recovery efforts of its rig, Velesto Naga 7, which submerged off the coast of Sarawak on May 4. In a filing with Bursa ...

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 ...