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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

UK automotive production plunged in October, with combined car and commercial vehicle output falling 30.9% year-on-year to 62,116 units, according to new data released by the Society of Motor Manufacturers and Traders (SMMT). The sharp contraction reflects both the ongoing fallout from a major cyber incident that disrupted operations at... Read more
Published on: 2025-11-27
Source: Oil Price RSS
From the beginning of Donald Trump’s first term in office in 2017 to the start of his second term earlier this year, the relationship between the U.S. and Saudi Arabia shifted between tense and downright hostile. Those years included an Oil Price War, the de facto Saudi leader labelled a... Read more
Published on: 2025-11-27
Source: Oil Price RSS
As the Trump Administration looks to broker a Ukraine-Russia peace deal, analysts and traders seek to anticipate how a potential agreement could change energy flows in Europe. To be sure, a peace deal is far from certain, as stumbling blocks and differences remain, while Russia has not weighed in on... Read more
Published on: 2025-11-27
Source: Oil Price RSS
Sentiment in oil markets remains overwhelmingly negative, driven by perceived market oversupply and negative global demand indicators. Brent crude for January delivery was trading at $63.10 per barrel in Thursday’s intraday session, little changed from $62.97 a week ago while the corresponding WTI contract ticked up slightly to $58.70/bbl from... Read more
Published on: 2025-11-27
Source: Oil Price RSS
Hawaii has a plan to generate all of its energy from low-emission sources by 2045. It is a bold plan, as the state’s administration admits, and it is also a plan that will see Hawaii start importing liquefied natural gas. Hawaiians pay the highest electricity rates in the United States.... Read more
Published on: 2025-11-27
Source: Oil Price RSS
The Nigerian National Petroleum Company (NNPC) and its partner, Heirs Energies, have successfully doubled natural gas production at a key oil block, OML 17, as part of a broader strategy to boost domestic supply and ease the country's electricity shortages. The increase comes from the OML 17 oil and gas... Read more
Published on: 2025-11-27
Source: Oil Price RSS
Lotte Chemical and HD Hyundai Chemical agreed to combine part of their naphtha-cracking facilities.... Read more
Published on: 2025-11-27
Source: Rigzone RSS
Romania will set up a mechanism to place companies at risk of being hit by international sanctions under special oversight, such as the local unit of Russian state-owned Lukoil PJSC, a cabinet member said. ... Read more
Published on: 2025-11-27
Source: Rigzone RSS
The world's top cocoa producer pumped 44,000 barrels a day in 2024, according to the government. ... Read more
Published on: 2025-11-27
Source: Rigzone RSS
'Throughout history, from the Manhattan Project to the Apollo mission, our nation's brightest minds and industries have answered the call when their nation needed them', U.S. Energy Secretary Chris Wright said.... Read more
Published on: 2025-11-27
Source: Rigzone RSS
The IEA described U.S. data center electricity demand as the closest proxy available for the energy consumption of artificial intelligence.... Read more
Published on: 2025-11-27
Source: Rigzone RSS
'This is not over. We will keep pressing for change', OEUK Chief Executive David Whitehouse said.... Read more
Published on: 2025-11-27
Source: Rigzone RSS

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