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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 Fluctuates as Traders Weigh Surplus, Geopolitical Risks
Oil steadied on the first trading day of 2026 as expectations for a supply surplus offset geopolitical risks to production in several OPEC+ nations. ... Read more
Published on: 2026-01-02
Source: Rigzone RSS
U.S. LNG Exports Break 100 Million Tons in Record 2025
U.S. liquefied natural gas exports set new records in 2025 as new capacity came online and existing terminals ran at high utilization, pushing annual shipments past levels previously thought years away. Preliminary data from LSEG show the United States exported 111 million metric tons of LNG last year, making it... Read more
Published on: 2026-01-02
Source: Oil Price RSS
Chinese Electric Buses Dominate Southeast Asia's Decarbonization Push
Chinese-made electric buses are rapidly gaining ground across Southeast Asia as governments push to decarbonize public transport and Chinese manufacturers seek growth beyond a slowing home market, according to Nikkei Asia. In Jakarta, that shift is already visible. Transjakarta, the capital’s main bus operator, introduced electric buses from China’s BYD... Read more
Published on: 2026-01-02
Source: Oil Price RSS
Búzios Keeps Climbing as Petrobras Adds 180,000 Bpd With P-78 FPSO
Petrobras has brought the P-78 FPSO online at its Búzios 6 development, adding up to 180,000 barrels per day of oil capacity and reinforcing just how central the pre-salt has become to Brazil’s production story. The new unit is the seventh FPSO now operating at the Búzios field in the... Read more
Published on: 2026-01-02
Source: Oil Price RSS
Maduro Says He Welcomes U.S. Investments in Venezuela’s Oil
Venezuela is ready to accept U.S. investment in its oil, Nicolas Maduro said late on Thursday, in a stark softening of the rhetoric from the embattled Venezuelan leader.   Maduro suggested serious talks between Venezuela and the United States in an interview aired on Venezuelan state TV late on New Year’s... Read more
Published on: 2026-01-02
Source: Oil Price RSS
US Oil Drilling Activity Ends Down for 2025, But Production Still Near Highs
The total number of active drilling rigs for oil and gas in the United States rose by 1 this week, according to new data that Baker Hughes published earlier this week, bringing the total rig count in the US  to 546 this week, down 43 from this same time last... Read more
Published on: 2026-01-02
Source: Oil Price RSS
Why a Ukraine Peace Deal Remains Elusive Despite U.S. Pressure
Since Kyiv and its European backers panned a 28-point US proposal for a deal to end Russia’s invasion of Ukraine, warning that it was skewed in Moscow’s favor, Ukraine and the United States have been trying to hash out a revised blueprint known as the 20-point plan. Following a meeting... Read more
Published on: 2026-01-02
Source: Oil Price RSS
Saipem Bags Deals Worth More Than $4B Over Festive Period
Saipem bagged deals worth more than $4 billion over the final part of December, releases sent to Rigzone by the company from December 21 to December 31 showed. ... Read more
Published on: 2026-01-02
Source: Rigzone RSS
Ships With Russian Oil Signal Reliance Plant as Destination
At least three tankers carrying Russian crude are indicating Reliance Industries Ltd.'s plant on India's west coast as their next destination.... Read more
Published on: 2026-01-02
Source: Rigzone RSS
Oil Execs Quizzed on Capital Spending, Workforce Changes
Oil and gas executives answered questions on capital spending and workforce changes in a special questions segment of the fourth quarter Dallas Fed Energy Survey.... Read more
Published on: 2026-01-02
Source: Rigzone RSS
USA Crude Oil Inventories Drop Almost 2MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 422.9 million barrels on December 26, the EIA's latest weekly petroleum status report showed.... Read more
Published on: 2026-01-02
Source: Rigzone RSS
Orsted, Equinor File Legal Challenges to Wind Farm Halt
Orsted A/S and Equinor ASA filed legal challenges to the Trump administration's decision to halt construction of their U.S. offshore wind projects. ... Read more
Published on: 2026-01-02
Source: Rigzone RSS

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