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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

U.S. Department of Justice Sides With Argentina in $18 Billion YPF Lawsuit
The U.S. Department of Justice is siding with Argentina in a legal case of $18 billion relating to the 2012 nationalization of Argentinian oil company YPF.  In 2012, the Argentine government took control of the country’s largest oil and gas company, YPF S.A.   The legal fight stems from Argentina’s 2012... Read more
Published on: 2026-02-27
Source: Oil Price RSS
India Plans 30% Slash in Thermal Coal Imports This Year
India seeks to slash imports of thermal coal used in its power sector by 30% this year as it wants to use more of its domestic coal supply, industry and government sources have told Reuters. Last year, India’s power sector burned almost 50 million tons of imported thermal coal. This... Read more
Published on: 2026-02-27
Source: Oil Price RSS
Magnet Wars: How the U.S. Plans to Break China’s Grip on Rare Earths
The struggle for geopolitical supremacy is rapidly becoming a struggle over one critical resource - rare earth magnets.They will determine whether the United States can build military equipment at scale, whether weapons can be replaced as fast as they are used, and whether industry can keep pace with demand across... Read more
Published on: 2026-02-27
Source: Oil Price RSS
Alberta Budgets for Three Years of Deficit on Low Oil Prices
Alberta will end fiscal 2025/26 with a deficit and will run a deficit for the next three fiscal years as well, the province’s finance minister has said. The deficit for fiscal 2025/26 is calculated at C$4.1 billion ($3 billion), set to swell to C$9.4 billion ($6.9 billion) next fiscal year... Read more
Published on: 2026-02-27
Source: Oil Price RSS
Venezuela Suspends 19 Oil Production Contracts
Venezuela’s government has suspended 19 production-sharing agreements with private oil companies, Reuters has reported, citing unnamed sources. The deals are for projects in Lake Maracaibo, the Orinoco Belt, and several mature fields. The companies operating under these production-sharing agreements include Chinese, U.S., South American, and Venezuelan players, the sources also... Read more
Published on: 2026-02-27
Source: Oil Price RSS
Oil Prices Set for Weekly Decline as Risk Premium Eases
Crude oil prices were on course for their first weekly decline in four weeks as the United States and Iran signaled they were willing to continue negotiating instead of escalating to a hot war. At the time of writing, Brent crude was trading at $71 per barrel, with West Texas... Read more
Published on: 2026-02-27
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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