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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

Will the Oil Curse Strike South America’s Wealthiest Country?
In a remarkable turnaround, the tiny South American country of Guyana, once one of the continent’s poorest nations, now ranks among the world’s top 10 wealthiest countries by gross domestic product (GDP) per capita. In a mere decade, Guyana went from first discovery to be lifting nearly 900,000 barrels of... Read more
Published on: 2025-12-15
Source: Oil Price RSS
U.S. Wants EU to Exempt Its LNG from Methane Regulation
The United States insists that the European Union exempt it from obligations to report data under the EU Methane Regulation until 2035, Reuters reported on Monday, citing a U.S. document circulated to EU governments. The U.S. and its gas industry have lobbied this year for repeal or significant amendments of... Read more
Published on: 2025-12-15
Source: Oil Price RSS
Texas Oil, Gas Upstream Jobs Fall in September
'The recent downward cycle of the upstream job count confirms Texas is not immune to circumstances facing global oil markets', TXOGA President Todd Staples said.... Read more
Published on: 2025-12-15
Source: Rigzone RSS
Ukraine Presses for Breakthrough as Peace Talks Stretch Into a Second Day
Ukrainian President Volodymyr Zelenskyy and US envoys held more than five hours of negotiations in Berlin with no indication of potential results revealed, only that talks would continue. "Representatives held in-depth discussions regarding the 20-point plan for peace, economic agendas, and more. A lot of progress was made, and they... Read more
Published on: 2025-12-15
Source: Oil Price RSS
Finnish Refiner Says It Won't Meet 2035 Oil Exit Goal
Finland's Neste Oyj is scaling back some of its climate targets.... Read more
Published on: 2025-12-15
Source: Rigzone RSS
Tanker Fleet Crunch Forecasts Strong Rates Through Early 2026
Oil tanker rates are set to stay elevated in early 2026 as crude supply is rising while the number of available vessels is shrinking due to the U.S. sanctions on Russia, Venezuela, and Iran, officials and analysts in the shipping industry tell Reuters. The daily rates for chartering a vessel... Read more
Published on: 2025-12-15
Source: Oil Price RSS
Kazakhstan Battles Big Oil in $3.5 Billion Arbitration Case
Kazakhstan expects a court ruling on its $3.5-billion lawsuit against international majors by the end of this year, Energy Minister Yerlan Akkenzhenov said on Monday as the country is suing Big Oil in several separate proceedings with total compensation and damage claims of more than $160 billion.  The first arbitration... Read more
Published on: 2025-12-15
Source: Oil Price RSS
Uniper Approves Its First Scottish Solar Project
The German power and gas utility expects to achieve generation at the 45-MW Berryhill Solar Farm just north of Dundee next year.... Read more
Published on: 2025-12-15
Source: Rigzone RSS
Strategists Say Oil's Fermi Paradox Nearing an End
Macquarie strategists, including Vikas Dwivedi, noted that oil's 'Fermi Paradox [is] nearing an end', adding that 'onshore stocks [are] starting to build'.... Read more
Published on: 2025-12-15
Source: Rigzone RSS
BP, Eni Exit Two Angola Producing Assets
A consortium between BW Energy and Maurel & Prom signed an agreement with Azule Energy, a 50-50 venture between BP and Eni, to acquire Azule's non-operating stakes in Block 14 and Block 14K offshore Angola.... Read more
Published on: 2025-12-15
Source: Rigzone RSS
Middle East Crude Prices Sink to Two-Month Low Against Brent
Key crude prices in the Middle East have dropped to their weakest level against the Brent benchmark in two months, signaling oversupplied markets as output from both the Middle East and the Americas rises amid tepid demand.   The premium of Abu Dhabi’s flagship Murban grade over Brent, the international benchmark,... Read more
Published on: 2025-12-15
Source: Oil Price RSS
WoodMac Says Eni Find Reinforces Kutei as One of Hottest Plays
'It provides options for Indonesia as the nation balances domestic demand needs with future export opportunities', Andrew Harwood, Wood Mackenzie Vice President, Corporate Research, said.... Read more
Published on: 2025-12-15
Source: Rigzone RSS

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