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, enabling it to pursue new drilling assignments, with Malaysia and Southeast Asia at the heart of the firm’s growth quest.

President Velesto Energy Velesto With Bachelor of Science Electrical Engineering Worcester Polytechnic Institute United States Offshore Energy Executive Director NAGA Offshore-Energy Thailand Vietnam Indonesia Change