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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

Ukraine’s Oil Strikes Are Hurting Russia’s War Economy
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
Nigeria Bets Big on Renewables as Oil Troubles Deepen
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
Carney Loses Quebec Minister After Energy Deal
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 Notches Fourth Monthly Drop
Oil posted a fourth monthly loss.... Read more
Published on: 2025-11-28
Source: Rigzone RSS
U.S. Crude Hits a Record While Key Export Data Goes Dark
U.S. oil production hit another record in September, but the bigger story in this month’s Petroleum Supply Monthly is what isn’t in the report: actual export data. Because the U.S. Census Bureau couldn’t release September trade figures during a funding lapse, the EIA had no choice but to recycle August’s... Read more
Published on: 2025-11-28
Source: Oil Price RSS
Ecopetrol Shoulders the Load as Petro’s Oil Policies Squeeze the Patch
Colombia’s Ecopetrol is pressing ahead with a 2026 spending plan of 22–27 trillion pesos ($5.9–$7.2 billion), essentially holding the line from this year despite a political climate that couldn’t be more hostile to hydrocarbons. The company says the money will be deployed “with discipline,” which in Ecopetrol-speak means: drill aggressively... Read more
Published on: 2025-11-28
Source: Oil Price RSS
U.S. Halts All Afghan Immigration After Fatal National Guard Shooting
The United States said it is halting all immigration requests relating to Afghanistan after an Afghan national shot two members of the National Guard, one of whom died a day after the shooting near the White House. President Donald Trump said on November 27 that Sarah Beckstrom, 20, died of... Read more
Published on: 2025-11-28
Source: Oil Price RSS
Ukraine Clams Hit on Key Rosneft Refinery in Volga Region
Ukraine hit the Saratov refinery of Russian oil giant Rosneft in the Volga region on Friday, Ukraine’s General Staff said, in what was the second attack on the refinery in recent months as the Trump Administration continues with its efforts to broker a peace deal. “As part of efforts to... Read more
Published on: 2025-11-28
Source: Oil Price RSS
Two Oil Tankers Suffer Mystery Blasts While in Black Sea
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
Sanctioned Tanker at Risk of Sinking After Blast
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
Petrobras Slumps After Unveiling $109B Spending Plan
Brazilian oil major Petrobras announced a two percent decrease in its next five-year investment plan to $109 billion.... Read more
Published on: 2025-11-28
Source: Rigzone RSS
EIA Ups USA Oil Output Forecast, Still Sees Dip in 2026
In its latest short term energy outlook, the U.S. Energy Information Administration increased its U.S. crude oil production forecast for 2025 and 2026.... Read more
Published on: 2025-11-28
Source: Rigzone RSS

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