Offshore Energy
  • news
  • test
JobsNewsletter
Offshore Energy logo
Topics
  • News
  • Contracts & Tenders
  • Authorities & Government
  • Automation
  • Business & Finance
Network
  • Dredging Today
  • NavalToday
  • Offshore Energy
  • Offshore Wind
  • Maritieme Vacaturebank
Company
  • Advertising
  • Newsletter
  • Jobs

© 2026 Navingo. All rights reserved.

Home›Business & Finance›Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays
NAGA 4 jack-up rig; Source: Velesto

The Malaysian player’s Executive Director stated: “In the near term, progress is more likely through incremental steps. This includes the use of hybrid solutions such as onboard energy storage to manage load demand, shore power when rigs are docked, and the gradual adoption of cleaner fuel blends.

“Over time, as technology matures and supporting infrastructure develops, options such as green fuels may become more viable. Any transition will need to be technically proven and financially feasible for offshore drilling operations.”

Reach the Offshore Energy industry in one go!

Offshore Energy is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Offshore Energy on:

Filed under

Business & FinanceBusiness Developments & ProjectsMarket OutlooksOutlook & Strategy

Home of Energy Transition

Join thousands of industry professionals who start their day with our newsletter.

Related articles

FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business & Finance

Karoon boosts Brazilian field’s oil output with all wells now online

10 days ago

Illustration; Source: TotalEnergies

Home of Energy Transition

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free

Related news

FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business & Finance

Karoon boosts Brazilian field’s oil output with all wells now online

10 days ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies offloading Mexican shallow water block to Grupo Carso

10 days ago

While disclosing that the jack-up drilling market is expected to remain relatively stable, supported by ongoing shallow-water exploration and development activities, the company’s President has underscored that the demand fundamentals remain intact in key offshore regions, even though competition and regional rig supply movements are anticipated to keep influencing pricing.

In light of this, he is convinced that disciplined contract selection and cost control will be important to sustaining performance, as energy security continues to support upstream investment in the near to medium term, despite growing expectations operators are facing in relation to emissions and efficiency.

Against such a backdrop, contractors with strong operational reliability, premium assets, and the ability to deliver consistent performance will be better positioned to capture sustainable opportunities across the region, based on the views expressed by Velesto’s President.

Related Article

Reimaging jack-ups’ role in Malaysia: Rig-installed platforms to streamline shallow-water oil & gas developments

Megat Zariman Abdul Rahim concluded: “Looking toward 2050, offshore drilling is likely to evolve gradually. Oil and gas will continue to play a role in meeting global energy needs during the transition, alongside growing renewable capacity. Progress will depend on steady improvements in efficiency, technology adoption, and emissions management, supported by collaboration across the industry and with policymakers.

“For Velesto, this reinforces the importance of maintaining a high-quality fleet, improving efficiency, adopting practical technologies, and remaining financially disciplined so we stay competitive and relevant through the transition.”

Business & Finance

TotalEnergies offloading Mexican shallow water block to Grupo Carso

10 days ago

Business & Finance

January 23, 2026 · about 6 months ago

Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays

As global energy security concerns keep the demand for oil and gas alive, Malaysia’s Velesto Energy, owner of premium jack-up rigs and hydraulic work-over units, has dived into its expectations for 2026, highlighting its belief that the jack-up rig market will remain on stable ground during the year

2 minutes read
  • LinkedIn
  • X
  • Email

Trending Now

  1. 1ADES jack-up rig pair lines up drilling jobs in Nigerian and UK waters
  2. 2Odfjell Drilling’s rig remaining with Norwegian oil & gas operator for another year
  3. 3Karoon boosts Brazilian field’s oil output with all wells now online
  4. 4TotalEnergies offloading Mexican shallow water block to Grupo Carso