Posted by blackmamba87 > 1 month ago | Report Abuse

Expectation will be O.3, already a few months still not going up also...

Posted by Tigerchan > 1 month ago | Report Abuse

It seems Vestrol contron price not to increase it, then better to reverse it to 5 cent

Posted by Macgyver111 > 1 month ago | Report Abuse

No worries. One major attack on Iran's oil production facility will change the O&G counters perspective forever for this year and the coming years. Iran is the 7th largest oil producer in the world (estimate 4.6 billion barrels per day). 

Posted by bullrun168 > 1 month ago | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !

Posted by Macgyver111 > 1 month ago | Report Abuse

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

Posted by Macgyver111 > 1 month ago | Report Abuse

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

Posted by Macgyver111 > 1 month ago | Report Abuse

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. 

Posted by Macgyver111 > 1 month ago | Report Abuse

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 🚀🚀🚀

Posted by bosskubakery > 1 month ago | Report Abuse

Velesto timing?

Posted by SinGor > 1 month ago | Report Abuse

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 )

Posted by EAGLE > 1 month ago | Report Abuse

Boring...

Posted by diuleiloumei > 1 month ago | Report Abuse

Hezbollah drone already hit Israel, velesto still sleeping dying

Posted by Ninja _07 > 1 month ago | Report Abuse

Armada sudah naik.. velesto pula turun

Posted by Macgyver111 > 1 month ago | Report Abuse

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.

Posted by Macgyver111 > 1 month ago | Report Abuse

Tomorrow budget presentation, hopefully boleh jalan.

Posted by Goodwill5 > 4 weeks ago | Report Abuse

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.

Posted by Macgyver111 > 4 weeks ago | Report Abuse

👍👍👍👍 hopefully bro.

Posted by SinGor > 4 weeks ago | Report Abuse

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

Posted by SinGor > 4 weeks ago | Report Abuse

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 )

Posted by CaptainRoz > 4 weeks ago | Report Abuse

sit tight with Velesto

Posted by Macgyver111 > 3 weeks ago | Report Abuse

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...

Posted by Macgyver111 > 3 weeks ago | Report Abuse

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.

Posted by Expertise > 2 weeks ago | Report Abuse

Trump won ,is it our money safe now?

Posted by Macgyver111 > 2 weeks ago | Report Abuse

😂🤣😂 nice question.

Posted by Macgyver111 > 2 weeks ago | Report Abuse

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

Posted by Hansek > 2 weeks ago | Report Abuse

this stock tak boleh pakai one eventhough missle already launched

Posted by Expertise > 2 weeks ago | Report Abuse

make veleslow great again….

Posted by SinGor > 1 week ago | Report Abuse

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 )

Posted by xcraft > 1 week ago | Report Abuse

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

Posted by Sniper S > 1 week ago | Report Abuse

What's wrong with Velesto?

Posted by Macgyver111 > 1 week ago | Report Abuse

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. 

Posted by blacksmith > 1 week ago | Report Abuse

Stoopid counter

Posted by gkungpat > 1 week ago | Report Abuse

Sesuai la tu dengan nama Veleslow.. 🤭🤭🤭

Posted by paperhand123 > 1 week ago | Report Abuse

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

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?

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.

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.

Posted by Ninja _07 > 2 days ago | Report Abuse

Yeah, been waiting for the QTR

Posted by EAGLE > 2 days ago | Report Abuse

Div payment next week

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.

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

Posted by INVEST_AA > 21 hours ago | Report Abuse

https://theedgemalaysia.com/node/734654

Posted by INVEST_AA > 21 hours ago | Report Abuse

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

Posted by Macgyver111 > 8 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.

Posted by Ninja _07 > 7 hours ago | Report Abuse

@Macgyver111 .. thank you

Posted by SinGor > 33 minutes 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 > 7 minutes ago | Report Abuse

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