Energy

V10 is a heavy-duty rig with 2,000 horsepower, a hook load capacity of 500 tonnes and 7,500 psi fluid pressure systems, designed for deep wells. The rig will join V20, which is already in operation. With two rigs operating, the company says it can …

• The proposed phase-one programme envisages 175 wells, supporting infrastructure and a scalable liquefiedNatural GasFacilityat Red Lake.

• Eight producing wells at the Drumheller project delivered 563 barrels of oil equivalent per day by quarter end.

• Confidentiality agreements have been signed with several parties over both the Warro and Alinya projects in Western Australia's Perth Basin.

• Beach Energy will pay $25 million in cash and fund $180 million of gross carried appraisal spending over four years.

•The proposed first V-NOMADFacilityis designed to manufacture vanadium electrolyte for large battery projects.

In its 2 December 2025 operational update, the company reported that Ramsay 3 had reached a total depth of 884.2 metres and that a complete set of wireline logs had been acquired. Management described the well as a successful step in appraising the Ramsay …