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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

Assessing the Impact of Increased Tariffs on the Global Economy
In all the trade war noise, it is easy to miss just how much global trade conditions have deteriorated in the last few months. If, one year ago, someone would have told investors and businesses that the best-case scenario would be for average US tariffs to quadruple (from 2.5 per... Read more
Published on: 2025-05-17
Source: Oil Price RSS
Trump Targets Billions in Energy Grants for New Round of Audits
Energy Secretary Chris Wright is ordering the stepped-up scrutiny.... Read more
Published on: 2025-05-17
Source: Rigzone RSS
First SMR in North America To Be Operational in 5 Years
The Ontario government has green-lit Ontario Power Generation to build the first of four Small Modular Reactors (SMRs) at the Darlington New Nuclear Project site. OPG says it will be the first commercial grid-scale SMR in North America, with an in-service target date of 2030, and the first new nuclear... Read more
Published on: 2025-05-16
Source: Oil Price RSS
Buyers Are Racing To Stock Up on Key Metals Before Tariff Deadline
Via Metal Miner The Renewables MMI (Monthly Metals Index) moved sideways, rising a slight 2.83%. Metals prices, including those for copper, steel, lithium and cobalt, have seen significant swings in recent weeks as U.S. companies scramble to source material before tariffs are imposed. For instance, U.S. copper prices surged in... Read more
Published on: 2025-05-16
Source: Oil Price RSS
Survey Highlights Changing Public Opinion of Major Powers
Among Central Asian citizens, China now has a better image than the United States, according to a comprehensive survey of political attitudes. The Democracy Perception Index bills itself as the “world’s largest annual study on how people perceive democracy.” The 2025 edition features data collected from over 111,000 respondents in... Read more
Published on: 2025-05-16
Source: Oil Price RSS
EOG Goes Desert Wildcatting in UAE Shale Play
As if the Permian wasn’t enough, EOG Resources just picked up a juicy new onshore shale block in Abu Dhabi. Announced Friday, the U.S. shale heavyweight secured full operatorship of Unconventional Onshore Block 3 (UCO3), a nearly 900,000-acre stretch of oil-prone rock in the Al Dhafra region, smack in the... Read more
Published on: 2025-05-16
Source: Oil Price RSS
PDVSA Grabs the Wheel as Chevron Gets the Boot
Venezuela’s state-run oil firm PDVSA is taking over crude shipments once managed by Chevron as sanctions drama and payment disputes derail the fragile oil détente between Washington and Caracas. PDVSA just shipped a 920,000-barrel cargo of heavy Boscan crude—previously exported exclusively by Chevron—out of Venezuela bound for Malaysia, a known... Read more
Published on: 2025-05-16
Source: Oil Price RSS
Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production
Egypt is looking to buy liquefied natural gas through the end of the decade.... Read more
Published on: 2025-05-16
Source: Rigzone RSS
Oil Rises as Iran Talks Stall
Oil prices rose after Iran downplayed progress in nuclear talks with the US.... Read more
Published on: 2025-05-16
Source: Rigzone RSS
Phillips 66 Sells Majority Stake in German, Austrian Retail Unit
Phillips 66 will retain a non-operated 35 percent stake and continue supplying the retail sites through a German refinery.... Read more
Published on: 2025-05-16
Source: Rigzone RSS
Natural Gas Retreats Amid Repeated Substantial Injections, EBW Analyst Says
'In our view, the bullish impulses of the gas market may prove correct - but are just early', Eli Rubin, an energy analyst at EBW Analytics Group, said.... Read more
Published on: 2025-05-16
Source: Rigzone RSS
Company Founded by Trump's Energy Chief Predicts a Shale Slowdown
Liberty Energy Inc., the oil services company founded by U.S. Energy Secretary Chris Wright, is gearing up for a slowdown in shale drilling in the second half of the year.... Read more
Published on: 2025-05-16
Source: Rigzone RSS

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