Velesto Energy Berhad is a Malaysian-based company that operates in the offshore drilling sector. The company is one of the leading providers of drilling services for the oil and gas industry in Malaysia and the Southeast Asian region. Velesto Energy Berhad has a long-standing reputation for delivering high-quality services to its clients, and has a strong commitment to sustainability and decarbonisation.

In recent years, Velesto Energy Berhad has been actively exploring ways to reduce its carbon footprint and promote decarbonisation in the offshore drilling sector. The company recognizes the importance of reducing greenhouse gas emissions and transitioning to renewable energy sources to mitigate the impacts of climate change. As such, Velesto Energy Berhad has been investing in new technologies and practices that promote energy efficiency and reduce emissions.

One of the key areas where Velesto Energy Berhad has been focusing its efforts is in corporate energy management. The company has implemented a range of measures to reduce its energy consumption and improve its energy efficiency. This includes the use of energy-efficient equipment and technologies, as well as the implementation of energy management systems to monitor and optimize energy use across its operations.

Another area where Velesto Energy Berhad has been making significant progress is in the adoption of corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider, which allow the company to purchase renewable energy at a fixed price over a set period. By entering into PPAs, Velesto Energy Berhad is able to reduce its reliance on fossil fuels and transition to renewable energy sources, while also reducing its exposure to volatile energy prices.

Velesto Energy Berhad has also been actively exploring opportunities to invest in renewable energy projects. The company recognizes that the transition to renewable energy is a key driver of decarbonisation, and is committed to playing a leading role in this transition. As such, Velesto Energy Berhad has been exploring opportunities to invest in renewable energy projects, such as solar and wind power, both in Malaysia and in other countries in the region.

In addition to these initiatives, Velesto Energy Berhad has also been working to promote sustainability and decarbonisation across its supply chain. The company has been engaging with its suppliers and contractors to encourage them to adopt sustainable practices and reduce their carbon footprint. This includes working with suppliers to source materials and equipment that are produced using renewable energy sources, as well as encouraging contractors to adopt sustainable practices in their operations.

Overall, Velesto Energy Berhad is a company that is committed to promoting sustainability and decarbonisation in the offshore drilling sector. The company recognizes the importance of reducing greenhouse gas emissions and transitioning to renewable energy sources to mitigate the impacts of climate change. Through its investments in energy efficiency, corporate PPAs, and renewable energy projects, as well as its efforts to promote sustainability across its supply chain, Velesto Energy Berhad is demonstrating its commitment to a sustainable future.