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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

India Steel Sector Faces EU Carbon Rule Challenge
The Indian steel sector—the world’s second-largest—faces a critical challenge in 2025 as the European Union (EU) tightens its environmental standards, intensifying its focus on carbon neutrality. With Europe being key customer for Indian steel, accounting for 25% of exports, India must urgently comply with stricter carbon regulations to avoid steep... Read more
Published on: 2025-03-31
Source: Oil Price RSS
Renewables Alone Cannot Power AI Infrastructure
For decades, U.S. electricity demand grew at a predictable, modest pace. Utilities could plan around gradual increases driven by population growth and economic activity. But that era is over. A dramatic shift is underway, one that could define the next decade of energy infrastructure—and investment opportunity. At the heart of... Read more
Published on: 2025-03-31
Source: Oil Price RSS
WTI Jumps 3% on Talk of Russia, Iran Sanctions
Falling US output and potential sanctions on Russia and Iran fueled the rally.... Read more
Published on: 2025-03-31
Source: Rigzone RSS
U.S. Oil Output Drops to Lowest Level in 15 Months
January U.S. crude oil production was down 305,000 barrels per day, hitting 13.15 million bpd, a level it hasn’t dipped down to in over a year, according to data released by the U.S. Energy Information Administration (EIA) on Monday, also revising its December estimate downward by around 40,000 barrels, to... Read more
Published on: 2025-03-31
Source: Oil Price RSS
EU Conflicting Gas Signals Jeopardize Supply Security
When Donald Trump returned to the White House, he did so on the promise, among others, of unleashing U.S. energy dominance. This was good news for Europe. It needed gas, and the U.S. had it. But Europe also has transition ambitions. These might now interfere with its energy security needs—or... Read more
Published on: 2025-03-31
Source: Oil Price RSS
Trump's Global Strategy: Securing Resources Through Annexation?
The "America First" slogan often used by candidate Donald Trump in his first and second presidential campaigns might sound on its surface to indicate disengagement from global affairs and a focus on domestic priorities. So, it may seem puzzling that President Donald Trump is talking about annexing Greenland, an autonomous... Read more
Published on: 2025-03-31
Source: Oil Price RSS
Equinor’s Giant New Arctic Find Starts Pumping to Recoup $8B in 2 Years
Equinor's Johan Castberg oilfield in the Arctic Barents Sea began production on Monday to a great deal of fanfare after several delays, with the company’s CEO saying the project will recoup its $8-billion in less than two years, the company said in a statement.   Located approximately 100 kilometers north of... Read more
Published on: 2025-03-31
Source: Oil Price RSS
Woodside Sells Greater Angostura Stakes to Perenco
'The transaction provides near-term cash flow to support ongoing investments and shareholder distributions'.... Read more
Published on: 2025-03-31
Source: Rigzone RSS
Texas Oil, Gas Industry Continues Hot Streak in 2024
'These latest records further demonstrate Texas's position as a global leader in oil and gas production', RRC Chairman Christi Craddick said.... Read more
Published on: 2025-03-31
Source: Rigzone RSS
BP Plans to Sell Fuel Retail Sites in Austria
'This decision is the latest example of bp's strategy to reshape and focus its downstream businesses'.... Read more
Published on: 2025-03-31
Source: Rigzone RSS
Empire Petroleum Loss Widens for 2024 as EOR Activities Drag On
Empire is continuing enhanced oil recovery efforts in the Starbuck drilling program in North Dakota.... Read more
Published on: 2025-03-31
Source: Rigzone RSS
Trump Revokes Permits to USA, Foreign Oil Firms in Venezuela
The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday. ... Read more
Published on: 2025-03-31
Source: Rigzone RSS

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