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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

Canada Warms Up to Fossil Fuels With New LNG Export Terminal
In March 2024, Canada’s then resource minister, Jonathan Wilkinson, declared, “We are not interested in investing in LNG facilities.” This month, LNG Canada, the country’s first operating export terminal for the fuel, shipped its first cargo. Many believe this is the beginning of a beautiful friendship between Canada’s energy resources... Read more
Published on: 2025-07-05
Source: Oil Price RSS
Renewables Surge Though Geopolitical Shifts Threaten Progress
Despite high-profile pushbacks against renewable energy and a rapidly changing policy environment, the global clean energy transition has picked up speed over the last year. While the last few years have seen slow and stuttering progress toward decarbonization goals, countries around the world are finally gaining momentum in building up... Read more
Published on: 2025-07-05
Source: Oil Price RSS
The Shifting Front Lines of the Ukraine Conflict
At one point during a grueling 110-day tour in the obliterated frontline Ukrainian city of Toretsk, Dmytro, a soldier with Ukraine’s 100th Separate Mechanized Brigade, listened in to the radio traffic among Russian soldiers. “We repeatedly heard commanders’ orders to the stormtroopers: ‘Don’t take anyone alive’,” he said in an... Read more
Published on: 2025-07-05
Source: Oil Price RSS
Google Bets Big on Nuclear Fusion
For decades, researchers have been assessing the potential to develop nuclear fusion reactors, capable of producing abundant clean energy. However, despite several breakthroughs in recent years, most scientists agree that we are far from achieving the commercial rollout of this technology. Nevertheless, the barrier has not stopped widespread investment in... Read more
Published on: 2025-07-05
Source: Oil Price RSS
Pipeline Disruption Slashes Ecuador Output by 133,000 bpd
Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE and OCP, halted flows due to worsening erosion in the Amazonian province of Napo. The company suspended activities this week to prevent further damage to critical infrastructure as erosion along the Coca... Read more
Published on: 2025-07-05
Source: Oil Price RSS
OPEC+ Surprises With Oversized Output Hike
OPEC+ will ramp up oil production more aggressively than anticipated in August, accelerating the rollback of its 2023 voluntary supply cuts in a bid to capture market share amid peak summer demand. At a virtual meeting Saturday, eight core members led by Saudi Arabia agreed to add 548,000 barrels per... Read more
Published on: 2025-07-05
Source: Oil Price RSS
Methane Emission Tracking Satellite Lost in Space, EDF Says
'After pursuing all options to restore communications, we learned this morning that the satellite has lost power'.... Read more
Published on: 2025-07-05
Source: Rigzone RSS
Angola Raises Diesel Price by 33 Pct, Third Increase This Year
Previous hikes were announced in March and April.... Read more
Published on: 2025-07-04
Source: Rigzone RSS
OPEC+ Moves Meeting to Saturday as Group Weighs Another Hike
The Organization of the Petroleum Exporting Countries has roiled markets in recent months by speeding up the return of halted output.... Read more
Published on: 2025-07-04
Source: Rigzone RSS
How Has USA Energy Use Changed Since 1776?
A new analysis piece published on the EIA website recently has outlined how U.S. energy use has changed since the Declaration of Independence was signed in 1776.... Read more
Published on: 2025-07-04
Source: Rigzone RSS
Ocean Installer Awarded EPCI Contract for Var Energi's Balder Project
Ocean Installer said it will execute subsea umbilicals, risers, and flowlines (SURF) activities including the fabrication and installation of flexible flowlines and umbilicals.... Read more
Published on: 2025-07-04
Source: Rigzone RSS
ADNOC Drilling Wins $800MM Contract for Fracking Services
The five-year agreement is set to begin in the third quarter.... Read more
Published on: 2025-07-04
Source: Rigzone RSS

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