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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

Why U.S. Electricity Prices Will Continue to Rise
When the PBS reporter asked the energy consultant about electricity prices, you knew he was trying to be fair, you know, both sides of the story. Wasn’t it true that having an AI center in the area might lower electricity prices? Yes, the consultant replied, because the electric industry’s costs... Read more
Published on: 2025-11-03
Source: Oil Price RSS
UAE Dismisses Fears of Oil Glut
The United Arab Emirates doesn’t expect oversupply on the oil market as demand remains solid, the energy minister of one of OPEC’s top producers said on Monday.  On Sunday, the OPEC+ producers, including the UAE, decided to pause their reversal of the production cuts in the first quarter of 2026,... Read more
Published on: 2025-11-03
Source: Oil Price RSS
UAE Minister Calls for $4 Trillion Annual Energy Investment to Power AI
The advance in AI and the surge in data center build-out have pushed global energy investment needs to $4 trillion annually, Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC chief executive, said on Monday.  Large oil producers have been warning for years that investment in supply... Read more
Published on: 2025-11-03
Source: Oil Price RSS
Ukrainian Drones Set Russian Oil Tanker Ablaze in Black Sea Port
A Ukrainian drone attack hit Russia's Black Sea port of Tuapse on November 2, setting an oil tanker ablaze and damaging port infrastructure, in the latest of a series of strikes on Moscow's crucial oil sector. A source in Ukraine's Security Service (SBU) told RFE/RL's Ukrainian Service it had fired... Read more
Published on: 2025-11-03
Source: Oil Price RSS
ExxonMobil Threatens To Leave EU Over Sustainability Rules
ExxonMobil would be forced to quit its business in Europe if the European Union doesn’t materially ease its sustainability regulations that impose penalties on companies in case of non-compliance, chief executive Darren Woods told Reuters on Monday.  Last year, the EU formally adopted the Corporate Sustainability Due Diligence Directive (CSDDD). These new... Read more
Published on: 2025-11-03
Source: Oil Price RSS
ADNOC, Masdar Pen AI Collaboration with Microsoft
The Emirati state-owned companies signed a cooperation agreement with Microsoft for AI deployment across ADNOC's operations and the delivery of energy solutions to support the U.S. tech giant's AI and data center growth.... Read more
Published on: 2025-11-03
Source: Rigzone RSS
Eni and Petronas Forge Major Southeast Asia Upstream Joint Venture
Italy’s energy giant Eni and Malaysian state oil and gas firm Petronas are combining their upstream assets in Indonesia and Malaysia in a new, equally-owned joint venture, the Italian company said on Monday.  The newly-created joint venture, which will operate as a separate self-sufficient financial entity, plans to invest $15... Read more
Published on: 2025-11-03
Source: Oil Price RSS
Imperial Sets Quarterly Production Record
The Canadian oil sands producer reported 462,000 gross barrels of oil equivalent per day in average production in the third quarter.... Read more
Published on: 2025-11-03
Source: Rigzone RSS
Saipem Believes It Is Approaching 'Turning Point' in Offshore Drilling
'We expect to see a significant ramp-up in demand from the second half of 2026 onwards', Saipem CEO and General Manager Alessandro Puliti said.... Read more
Published on: 2025-11-03
Source: Rigzone RSS
OPEC+ 8 Decide to Implement Output Adjustment
'Like in the group's recent meetings, this round also offered a surprise', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.... Read more
Published on: 2025-11-03
Source: Rigzone RSS
China Buyers Shun Russian Oil amid Sanctions
State-owned giants such as Sinopec and PetroChina canceled some Russian cargoes in the wake of US sanctions on Rosneft and Lukoil.... Read more
Published on: 2025-11-03
Source: Rigzone RSS
Iberdrola Raises Stake in Brazil's Neoenergia
Banco do Brasil's pension fund sold its stake in Neoenergia to Iberdrola for around $2.22 billion.... Read more
Published on: 2025-11-03
Source: Rigzone RSS

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