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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

Oil Crunch Prompts Plastics Crisis in Asia
Asia is facing plastics shortages because of the oil and gas supply crunch caused by the war in the Middle East, with medical supplies, packaging, and consumer products most vulnerable to a shock, the Financial Times has reported. The biggest problem for the world’s largest plastics-producing region is the shortage... Read more
Published on: 2026-05-07
Source: Oil Price RSS
Shell Beats Profit Estimates as War Brings Trading Windfall
Shell (NYSE: SHEL) on Thursday reported consensus-beating earnings for the first quarter as the war in Iran drove an oil price surge and boosted trading profits at the UK-based supermajor. Shell reported adjusted earnings of $6.9 billion for the first quarter of 2026, well ahead of the $6.1-$6.3 billion range... Read more
Published on: 2026-05-07
Source: Oil Price RSS
EU Suspends Methane Rules as Energy Crunch Intensifies
The European Union has decided to suspend a regulation requiring oil and gas suppliers to report emissions along their supply chains amid an energy crunch that has sent oil and gas prices higher and prompted a rush to secure scarce supply. Citing a draft document from the European Commission to... Read more
Published on: 2026-05-07
Source: Oil Price RSS
Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market
Australia’s government has mandated energy companies in the country to set aside 20% of their natural gas output for the domestic market to avoid supply shortages along the east coast. The mandate will come into effect from July next year, Reuters reported today, adding that it will affect three companies... Read more
Published on: 2026-05-07
Source: Oil Price RSS
Oil Prices Edge Higher as Iran Deal Doubts Resurface
Oil prices edged higher in early Asian trade on Thursday, rebounding from the previous session’s steep selloff, as investors reassessed the chances of a near-term U.S.-Iran peace agreement and weighed continuing disruptions to Middle East energy flows. Brent crude futures rose 0.66%, to $101.94 a barrel in early trade, while... Read more
Published on: 2026-05-06
Source: Oil Price RSS
U.S. Oil Exporters Under Scrutiny As Gas Prices Spike Across 50 States
The United States has been playing a vital role as the world’s “swing supplier” of key energy commodities amid the global shortage triggered by the war in Iran, with surging exports helping to cut the energy deficit. According to data from commodities intelligence firm Kpler via Reuters, shipments of crude... Read more
Published on: 2026-05-06
Source: Oil Price RSS
EBW Warned of Faltering Gas Demand Heading into Holiday Weekend
EBW Energy Analyst Eli Rubin warned of 'faltering demand' heading into the President's Day holiday weekend.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Gasoline-Starved California Turning to Fuel From Bahamas
U.S. supplies of gasoline are being shipped out of the country to travel thousands of miles via the Bahamas before finally ending up in California.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
North America Drops 6 Rigs Week on Week
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Aramco Commits to 1 MMtpa for 20 Years from Commonwealth LNG
Aramco Trading signed a 20-year agreement to buy one million metric tons per annum of liquefied natural gas from the under-development Commonwealth LNG in Louisiana.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Enbridge Q4 Profit Up YoY
Enbridge cited 'favorable gas transmission contracting' compared to the fourth quarter of 2024.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Analyst Highlights Focus of IEW Event
IEW, which was hosted by the Energy Institute, took place from February 10-12 at the QEII Center in London.... Read more
Published on: 2026-02-16
Source: Rigzone RSS

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