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 > 1 week ago | Report Abuse

Hello velesto, are you not making profit?

Posted by Goodwill5 > 1 week 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 > 1 week 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 > 4 days ago | Report Abuse

Next week 3rd qtr announcement.

Posted by Ninja _07 > 4 days ago | Report Abuse

Yeah, been waiting for the QTR

Posted by EAGLE > 4 days ago | Report Abuse

Div payment next week

Posted by Ninja _07 > 3 days ago | Report Abuse

Yahoo...

Posted by Macgyver111 > 3 days 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 > 3 days 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 > 2 days ago | Report Abuse

https://theedgemalaysia.com/node/734654

Posted by INVEST_AA > 2 days ago | Report Abuse

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

Posted by Macgyver111 > 2 days 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 > 2 days ago | Report Abuse

@Macgyver111 .. thank you

Posted by SinGor > 1 day 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 > 1 day ago | Report Abuse

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

Posted by Macgyver111 > 1 day ago | Report Abuse

1 rig only, where got 3 rigs. The management (Velesto) is supposed to send 3 rigs for a special periodic survey. In the 2nd quarter, 1 rig completed this survey. 3rd qtr 1 rig and 4th qtr another rig. If they send 3 rigs one short...koyak lah, how to supply oil for the Petronas contract?

Posted by Goodwill5 > 1 day ago | Report Abuse

Today Velesto plotted Tweezer Bottom of two candle sticks pattern that signify the ascending trend will continue in coming weeks.

Posted by Macgyver111 > 1 day ago | Report Abuse

Goodwill5, thanks. Rising in brent price due to Russia/Ukraine tension will further strengthen your theory + upcoming excellent qtr result next week.

Posted by SinGor > 1 day ago | Report Abuse

Atlas0103
SinGor net profit must be lower than past QR due to 3 rig under maintainance
______________________
Unless there is major structural damage and no spare parts----I think "normal maintenance" should not
take more than a week per Rig ( not a expert ) Similar to my factory normal maintenance, mechanic already
know what standard procedure are ( except for unforeseen parts brokerage )

Posted by SinGor > 1 day ago | Report Abuse

Naga 7 scrap value will be reported in 3Q??? For a 500m vessel, 10% will be 50M??? ( donT know whether
insurance Co takes the scrap value )

Posted by Macgyver111 > 1 day ago | Report Abuse

I think there shouldn't be any impact in the upcoming financial report (3qtr). Please read the last paragraph of their recent announcement....

The loss of Velesto NAGA 7 was recovered from Hull & Machinery Insurers with recognition of the insurance claim of RM560.9 million as announced in the company’s quarterly results announcement on 28 February 2022. The cost of wreck removal is not expected to affect the group’s finances as covered by Protection & Indemnity Insurance taken by the group. Barring unforeseen circumstances, with the completion of the wreck removal activities, the company does not expect further significant financial or operational impacts arising from the removal activities.




The company extends gratitude to all parties involved, including the clients, contractors, insurance brokers & underwriters, and regulatory authorities, for their cooperation and support throughout the removal process.

Posted by Macgyver111 > 1 day ago | Report Abuse

War in between Russia Ukraine heat up..

https://www.livemint.com/news/world/russia-fires-nuclear-capable-intercontinental-ballistic-missile-at-ukraine-for-first-time-what-is-icbm-11732184710303.html

Posted by Macgyver111 > 22 hours ago | Report Abuse

Perdana - net profit 74mil ++
Armada - net profit 211++
Velesto - net profit????


Wait next week...😂😂😂.

Posted by RJ87 > 16 hours ago | Report Abuse

I think doesn’t matter. Retailer got no money and Funds not interested to buy high.
I suppose we need EPF to allow more withdrawal to stimulate the market.