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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

Trump Wants to Resurrect Keystone XL
President-elect Donald Trump intends to revive the construction of the Keystone XL pipeline on his first day in office—just like President Biden shut it down on his first day in office. A Politico report citing unnamed sources with knowledge of the situation said that the president-elect’s transition team was discussing... Read more
Published on: 2024-11-21
Source: Oil Price RSS
Santos Aims for 14 MMtpa Carbon Storage Portfolio by 2040
Santos targets to establish a carbon storage business with a capacity to permanently store 14 MMtpa of third-party carbon dioxide equivalent emissions by 2040.... Read more
Published on: 2024-11-21
Source: Rigzone RSS
Exxon Quits Suriname Oil Block
Exxon has decided to pull out of an exploration block offshore Suriname and transfer its 50% stake to partner Petronas, the Suriname state oil company Staatsolie said in a news release. The exit is part of Exxon’s ongoing asset evaluation, Staatsolie said, adding that after the transfer, Petronas will remain... Read more
Published on: 2024-11-21
Source: Oil Price RSS
European Commission Approves Aid for Coal Mine Closures in Romania
The aid will help cover exceptional costs arising from the closure of the four uncompetitive coal mines of Lonea, Lupeni, Livezeni and Vulcan in the Jiu Valley.... Read more
Published on: 2024-11-21
Source: Rigzone RSS
Aramco to Take on More Debt, Says CFO
The company's debt sales will be 'regular but not too frequent'.... Read more
Published on: 2024-11-21
Source: Rigzone RSS
Equinor Hires Deepsea Bollsta for More Drilling on NCS
'We plan to deliver 50-70 increased recovery wells and 20-30 exploration wells annually going forward'.... Read more
Published on: 2024-11-21
Source: Rigzone RSS
The Oil Market Surplus May Be Smaller Than Feared
Oil market forecasters such as the International Energy Agency (IEA) may have been too pessimistic about supply-demand balances in their latest assessments, which show a large surplus for 2025.   Actual global oil inventory trends in the third quarter look much more bullish than the IEA’s balances and projections, the... Read more
Published on: 2024-11-20
Source: Oil Price RSS
This Little-Known Metal Just Exploded 200%, Here are 2 Ways To Play It
Antimony, a silvery-white metalloid, might not be a household name, but it plays a crucial role in our modern world.  It's a key ingredient in military tech, batteries, and semiconductors.And now, a global antimony crisis may be looming as demand far outstrips supply... This obscure metal has become a strategic... Read more
Published on: 2024-11-20
Source: Oil Price RSS
Is The U.S. Going To Bring This Multi-Billion Iraq Project To Fruition?
Among the many projects in Iraq’s energy sector that could each make it much-needed billions of dollars a year in profits, the Nebras Petrochemical Plant is around the top of the list in terms of its potential. British supermajor Shell signed the original memorandum of understanding to develop the idea... Read more
Published on: 2024-11-20
Source: Oil Price RSS
Expect a US LNG Boom in the Second Half of 2025
The future of the United States natural gas sector hangs in the balance as a cluster of competing variables cloud the crystal ball. The upcoming regime change in the United States is certain to significantly reshape domestic production, consumption, and export trends but myriad global factors make exact projections tricky.... Read more
Published on: 2024-11-20
Source: Oil Price RSS
Biden's Move on Venezuela Leaves Trump Little Room to Cut a Deal
Nicolas Maduro was hoping for a 'fresh start' with the U.S. under Donald Trump.... Read more
Published on: 2024-11-20
Source: Rigzone RSS
Geopolitical Tensions Offset by US Oil Inventory Build
Oil prices fell after US crude stockpiles rose, dampening the rally sparked by escalating geopolitical tensions between Russia and Ukraine.... Read more
Published on: 2024-11-20
Source: Rigzone RSS

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