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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

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
UK Court Lets North Sea Drilling Hopes Live Another Day
A London judge has knocked back a lawsuit aimed at stopping 28 offshore oil and gas exploration licences, giving the government a win it probably didn’t expect this week. Oceana UK had claimed officials treated the licences like a rubber-stamp exercise, ignoring climate impacts and the state of protected marine... Read more
Published on: 2025-11-28
Source: Oil Price RSS
Global Geothermal Investment Enters New High-Growth Era
Global geothermal investment is entering a period of accelerated growth, with capital expenditure (capex) expected to climb about 20% annually through 2030, according to Rystad Energy’s latest geothermal economics model. This momentum comes as geothermal energy, produced by tapping heat from deep within the earth, is no longer defined only... 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
Pions Takes 'Big Step on Path Toward AEI'
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
USA Crude Oil Inventories Rise Almost 3MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 426.9 million barrels on November 21, the EIA's latest weekly petroleum status report showed.... Read more
Published on: 2025-11-28
Source: Rigzone RSS

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