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Tunnel Oil & Gas Press Releases

Veteran Oil Partners secures $1.7MM capital commitments

Veteran Oil Partners secures $1.7MM capital commitments

Veteran Oil Partners, a Dallas based energy firm, announced today the closing of the J. Fite LP with $1,700,000 in equity cash commitments secured. Veteran Oil Partners is the managing general partner of the J. Fite LP, an oil focused investment program that...

Veteran Oil Partners’ oil production surges 586% in the last year.

Veteran Oil Partners’ oil production surges 586% in the last year.

As of November 4th 2019 Veteran Oil Partners, a Dallas based oil exploration and development company, has produced more than 52,761 barrels of WTI crude oil in 2019; approximately $3,000,000 in gross oil revenue at an average price of $57.00 per barrel. This marks a...

O&G Industry Headlines

Kazakh CPC Oil Exports Capped at 700,000 bpd After Russian Suspension
Caspian Pipeline Consortium (CPC) blend oil exports have been capped at 1 million barrels per day, taking 700,000 bpd off the market, after Russia ordered the shutdown of two out of three moorings at the CPC main Black Sea oil export terminal.  The order went into force on April 1. ... Read more
Published on: 2025-04-02
Source: Oil Price RSS
Saipem Gets Green Light to Start Work on CCS Project in Sweden
The project will enable CO2 capture at Stockholm Exergi's existing bio-cogeneration plant.... Read more
Published on: 2025-04-02
Source: Rigzone RSS
Johan Castberg Goes Onstream
Johan Castberg, the third field developed on Norway's side of the Barents Sea, will raise the Nordic country's oil production capacity by 220,000 bpd at peak.... Read more
Published on: 2025-04-01
Source: Rigzone RSS
Saudi Arabia Faces Oil Price Dilemma
As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the world’s top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per barrel lower than the... Read more
Published on: 2025-04-01
Source: Oil Price RSS
6G to Play Critical Role in Autonomous Vehicles and Drones
The global rollout of 5G wireless networks over the past five or so years has been a bit of a mixed bag of success. On one hand, 5G has achieved significant advancements, notably in faster speeds, lower latency, and increased network capacity, enabling new applications like enhanced streaming, gaming, and... Read more
Published on: 2025-04-01
Source: Oil Price RSS
U.S. Uranium Market Goes Radio Silent on Tariff Shock
Uranium purchases in the United States have slowed considerably as power utilities process the effect of President Donald Trump’s tariff offensive in the market—and that offensive may yet transform that same market. Bloomberg reported this week that uranium purchases by U.S. power utilities had dropped by 50% ahead of the... Read more
Published on: 2025-04-01
Source: Oil Price RSS
North Sea Oil Swaps Hit Record Volume as Prices Spiked
A record volume of swaps that traders use to hedge benchmark physical oil prices changed hands on Friday as prices jumped.... Read more
Published on: 2025-04-01
Source: Rigzone RSS
Resource Limits Push World Economy Towards Shrinkage
I have said in recent posts that the world economy is hitting resource limits of many kinds. These limits include oil, coal, and other sources of energy, including uranium, used as a fuel for nuclear power generation. Because of these limits, the world economy is being forced to shrink back. In my opinion,... Read more
Published on: 2025-04-01
Source: Oil Price RSS
Crude Oil Inventories Climb As OPEC Prepares to Open the Tap
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million barrels for the week ending March 28, after a 4.6 million barrel drop in the prior week. So far this year, crude oil inventories have climbed nearly 23 million barrels, according to... Read more
Published on: 2025-04-01
Source: Oil Price RSS
Tariff Tensions Cloud Oil Market Outlook
Market uncertainty grew with mixed signals on Russia and Iran, affecting oil demand forecasts.... Read more
Published on: 2025-04-01
Source: Rigzone RSS
Johan Castberg Goes Onstream
Johan Castberg, the third field developed on Norway's side of the Barents Sea, will raise the Nordic country's oil production capacity by 220,000 bpd at peak.... Read more
Published on: 2025-04-01
Source: Rigzone RSS
Macquarie Strategists Forecast USA Crude Inventory Rise
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up for the week ending March 28. ... Read more
Published on: 2025-04-01
Source: Rigzone RSS

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