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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

Top U.S. General Joins the Fight for Rare Earth Security
Retired General Jack Keane, former Vice Chief of Staff of the U.S. Army and a long-standing voice on defense readiness, has joined the board of REalloys as the company brings online North America’s first industrial-scale heavy rare-earth processing and metallization platform dedicated to the defense supply chain.For decades, the U.S.... Read more
Published on: 2026-02-16
Source: Oil Price RSS
Saudi Oil Exports to China Set to Soar as the Kingdom Slashes Prices
Near-term demand for Saudi Arabia’s oil in China is soaring after the Kingdom early this month slashed its official selling prices (OSPs) for Asia to the lowest level versus regional benchmarks in more than five years. In early February, Saudi Aramco cut the OSP of its flagship Arab Light for... Read more
Published on: 2026-02-16
Source: Oil Price RSS
Iran Floats Joint Oil Investment With the U.S. Ahead of Nuclear Talks
Iran and the United States could invest jointly in oil and gas development as part of the new nuclear deal the two are currently negotiating, an official from Tehran’s foreign ministry said Sunday, in the latest signal that Iran is willing to close a deal with the U.S. and avoid... Read more
Published on: 2026-02-16
Source: Oil Price RSS
U.S. Forces Board Another Tanker in Expanding Venezuela Oil Crackdown
United States forces boarded a second oil tanker in a week in the Indian Ocean, claiming it was attempting to escape from what Washington has called a quarantine on tankers carrying sanctioned crude oil from Venezuela. “Overnight, U.S. forces conducted a right-of-visit, maritime interdiction and boarding of the Veronica III... Read more
Published on: 2026-02-16
Source: Oil Price RSS
Hungary Asks Croatia to Allow Russian Crude Shipments
Hungary requested that Croatia allow the shipment of Russian crude via the Adriatic pipeline while a key route through Ukraine remains blocked, Hungary's foreign affairs minister said.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Philippines Announces New Project Pipeline under 10-Year RE Auction
The DOE announced new award plans under a 10-year auction for renewable energy development, with over 3,200 MW of non-floating solar capacity targeted to be built between 2027 and 2028.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
BP, Eni Discover More Oil offshore Angola
'The Algaita-01 results build on a long successful track record of 22 discoveries, once again confirming the exceptional effectiveness of the petroleum system in Block 15/06'. ... Read more
Published on: 2026-02-16
Source: Rigzone RSS
U.S. Natural Gas Prices Continue to Slide as Warmer Weather Looms
U.S. natural gas prices extended a slide that started earlier this month due to forecasts of warmer weather in the near future. In morning trade in Asia today, the futures contract for March shed 7.4% from Friday, falling to just above $3 per million British thermal units, the lowest price... Read more
Published on: 2026-02-16
Source: Oil Price RSS
Can the U.K. Still Save Its Oil and Gas Industry?
When the UK’s government slapped a 25% windfall tax on oil and gas producers in 2022, the industry warned this could be the death knell for local oil and gas production. Four years later, the UK’s oil and gas industry is being described as “irrelevant”. The UK’s oil and gas... Read more
Published on: 2026-02-15
Source: Oil Price RSS
Naftogaz Seeks USA Funds to Renovate Destroyed Plants
At least ¢ã3 billion ($3.5 billion) of damage has been done to Ukraine's facilities, with equipment needs exceeding ¢ã900 million, according to the company. ... Read more
Published on: 2026-02-15
Source: Rigzone RSS
VEN Plans to Grant More Oil Blocks to Chevron and Repsol
Chevron and Repsol already have extensive holdings in Venezuela.... Read more
Published on: 2026-02-14
Source: Rigzone RSS
Oil Posts Second Straight Weekly Drop
Oil recorded its first consecutive weekly decline of the year as supply concerns resurfaced.... Read more
Published on: 2026-02-13
Source: Rigzone RSS

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