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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

OPEC and its allies agreed on Sunday to keep oil output levels unchanged through the end of 2026, reaffirming their production control framework amid mounting concerns over a looming supply glut and weakening prices. The decision came at the 40th OPEC and non-OPEC Ministerial Meeting, where members endorsed a new... Read more
Published on: 2025-11-30
Source: Oil Price RSS
Ukrainian forces say they have once again attacked Rosneft PJSC's Saratov oil refinery in Russia's Volga region.... Read more
Published on: 2025-11-30
Source: Rigzone RSS
OPEC+ is meeting this coming weekend to discuss the next steps in its production control plan. Early reports suggest the group will stick to a pause in the rollback of its cuts. Yet commentators say that this will not be enough—a glut is coming and OPEC+ will need something more... Read more
Published on: 2025-11-29
Source: Oil Price RSS
In a recent article, a professor at the Naval Academy argues that “Trump can leverage the Arctic to end the Ukraine war.” It’s clear that Trump was excited by the possibilities the article raised in ending the war.  Written by Lyle J. Goldstein, a research professor at the China Maritime... Read more
Published on: 2025-11-29
Source: Oil Price RSS
The energy infrastructure in the United States has failed repeatedly in instances of severe weather, due to years of underinvestment and the failure of utilities to work together to strengthen larger networks. During winter storms and wildfires, a wide range of energy infrastructure has been known to fail due to... Read more
Published on: 2025-11-29
Source: Oil Price RSS
Ukraine's deep-strike drone campaign targeting Russia's oil and gas production facilities has already cost its enemy 10 percent of its refining capacity, according to industry experts -- and Kyiv is committed to stepping things up. "Ten percent, it's not an astonishing number," says Tatiana Mitrova of Columbia University's Center on... Read more
Published on: 2025-11-29
Source: Oil Price RSS
For decades, Nigeria’s oil industry has faced a multitude of challenges. Despite having vast quantities of crude, the mismanagement of revenue, weak agreements with international oil companies, an underinvestment in infrastructure, and widespread oil theft have left many opposed to the ongoing production of crude. Now, Nigeria has high hopes... Read more
Published on: 2025-11-29
Source: Oil Price RSS
Prime Minister Mark Carney lost a cabinet minister over his oil pipeline agreement with Alberta.... Read more
Published on: 2025-11-29
Source: Rigzone RSS
Oil posted a fourth monthly loss.... Read more
Published on: 2025-11-28
Source: Rigzone RSS
An oil tanker from Russia's shadow fleet reportedly hit a mine and was at risk of sinking north of Turkey's coastline, a local port agent said. ... Read more
Published on: 2025-11-28
Source: Rigzone RSS
Two ocean-going tankers that are heavily sanctioned for carrying Russian oil suffered near-simultaneous blasts off Turkey's Black Sea coast.... Read more
Published on: 2025-11-28
Source: Rigzone RSS
Pions, previously named eDrilling, announced that it was 'taking another big step on the path toward Artificial Engineering Intelligence (AEI)'. ... Read more
Published on: 2025-11-28
Source: Rigzone RSS

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