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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

Rosneft Profits Plunge 68% as Oil Oversupply and Sanctions Pressure H1 Results
Rosneft (MCX: ROSN) reported a steep 68% drop in first-half 2025 net income as falling oil prices, widening discounts on Russian crude, and a stronger ruble weighed heavily on earnings, despite steady production and continued investment in flagship projects like Vostok Oil. Russia’s state-controlled oil major Rosneft posted net income... Read more
Published on: 2025-08-31
Source: Oil Price RSS
Wall Street Forecasts Oil in the $50s Next Year
The U.S. shale patch is trimming capital expenditure budgets to preserve cash amid the lower oil prices. American producers could further cut back on spending and activity if the prevailing forecasts of a global oversupply materialize in the coming months. Efficiency gains allow companies to pump more or equal volumes... Read more
Published on: 2025-08-31
Source: Oil Price RSS
High Energy Costs Push UK Industry to the Brink
This week saw yet another hike in Britain’s electricity price cap—the latest in a string of hikes that have ranked the country among the top five with the most expensive electricity in the world. But there is a bigger problem: the country is the undisputed leader in industrial electricity prices... Read more
Published on: 2025-08-31
Source: Oil Price RSS
The Battery Storage Market Is Set to Grow Ninefold by 2040
Following the huge growth in global renewable energy capacity over the last decade, companies and governments have been steadily increasing investment in battery storage to help improve the stability of their green energy supply. As countries worldwide develop their renewable energy industries, aiming to shift from a reliance on fossil... Read more
Published on: 2025-08-31
Source: Oil Price RSS
Could Mining Waste Solve America’s Clean Energy Supply Chain Crisis?
The United States is racing to develop its critical minerals industry to reduce reliance on China for metals and minerals, even through controversial actions such as deep-sea mining activities. However, a recent study suggests that it may be easier for the U.S. to access critical minerals than once thought, by... Read more
Published on: 2025-08-31
Source: Oil Price RSS
PXGEO Wins Its First Seismic Acquisition Job in Malaysia
PXGEO bagged a two-year contract for seismic data acquisition offshore Malaysia.... Read more
Published on: 2025-08-31
Source: Rigzone RSS
Russia Gears Up for New Nuclear Missile Test
It's been a busy few weeks up on the windswept Russian archipelago of Novaya Zemlya: people, earthmoving trucks, shipping containers, temporary housing, heavy-lift aircraft, helicopters, cargo ships. The activity shows up in satellite imagery, aircraft hazard notifications, ship transponder trackers, and open-source intelligence reporting at a time when long Arctic... Read more
Published on: 2025-08-30
Source: Oil Price RSS
EQT Offtakes 2 MMtpa for 20 Years from Port Arthur LNG Phase 2
EQT committed to buying two MMtpa for 20 years from Sempra's planned Port Arthur LNG Phase II project in Jefferson County, Texas.... Read more
Published on: 2025-08-30
Source: Rigzone RSS
Namibia's Ambition to Become Oil Hotspot Tested by Wildcatter
It's still unclear how much oil Namibia has, and no discoveries have yet been declared commercial, though the government has estimated resources as high as 11 billion barrels. ... Read more
Published on: 2025-08-29
Source: Rigzone RSS
Oil Posts First Monthly Loss Since April
OPEC+ supply growth and slowing US economic outlook kept oil prices under pressure near $64 WTI.... Read more
Published on: 2025-08-29
Source: Rigzone RSS
ATCO Gets Key Approval for Yellowhead Gas Pipeline Project in Alberta
The Alberta Utilities Commission certified the need for the Yellowhead gas pipeline project of ATCO's Canadian Utilities.... Read more
Published on: 2025-08-29
Source: Rigzone RSS
Daenerys Discovery Is a Game Changer for Talos
'This is the company's largest discovery to date in the GoA', Wood Mackenzie Upstream Senior Research Analyst Miles Sasser said.... Read more
Published on: 2025-08-29
Source: Rigzone RSS

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