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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

U.S. Extends Sanction Waiver on Russian Oil for India
Days after saying it would not extend a sanction waiver for Russian crude sold to Indian refiners, the U.S. Treasury Department changed its mind and extended the waiver for two weeks until mid-May. According to an Indian Express report, the U-turn appears to have come as a result of pressure... Read more
Published on: 2026-04-20
Source: Oil Price RSS
Oil Prices Surge After U.S. Seizes Iranian Vessel Near Hormuz
Oil prices climbed sharply in early Asian trade on Monday, as the U.S. Navy intercepted an Iranian vessel it accused of attempting to break its blockade. The seizure reignited fears of a major escalation in the conflict and a prolonged disruption in the Strait of Hormuz. At the time of... Read more
Published on: 2026-04-19
Source: Oil Price RSS
Middle East Oil Pricing Is Cracking Under Pressure
In a “perilous position,” the Platts Dubai benchmark used to price around 18 million barrels per day, nearly a fifth of global supply, is now severely strained by the halt in exports through the Strait of Hormuz. According to Reuters, with most cargoes having been unable to move safely through... Read more
Published on: 2026-04-19
Source: Oil Price RSS
India Adds a new Nuke To Its Fleet
In April 2026, a new 500 MW sodium-cooled reactor in Kalpakkam, India, attained criticality. The reactor maintained a nuclear chain reaction—which is a pretty big step for any new nuclear plant. There are a number of things that struck us about this news. The haters and skeptics will point out... Read more
Published on: 2026-04-19
Source: Oil Price RSS
Europe Faces Summer Jet Fuel Crisis as Iran War Slashes Supply
Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed Europe’s energy supply vulnerability once again. For years, European consumers have had to contend with last-minute strikes of ground personnel and cabin crew during peak summer travel. This year, strikes may be... Read more
Published on: 2026-04-19
Source: Oil Price RSS
Robots Are Quietly Building the Future of Renewable Energy
As technology continues to improve, many renewable energy developers are increasingly using automation to develop commercial-scale projects, such as solar and wind farms. Tech companies have made significant improvements to artificial intelligence (AI) and robotic equipment in recent years, with different types of robots now available to perform a wide... Read more
Published on: 2026-04-19
Source: Oil Price RSS
EBW Warned of Faltering Gas Demand Heading into Holiday Weekend
EBW Energy Analyst Eli Rubin warned of 'faltering demand' heading into the President's Day holiday weekend.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Gasoline-Starved California Turning to Fuel From Bahamas
U.S. supplies of gasoline are being shipped out of the country to travel thousands of miles via the Bahamas before finally ending up in California.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
North America Drops 6 Rigs Week on Week
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Aramco Commits to 1 MMtpa for 20 Years from Commonwealth LNG
Aramco Trading signed a 20-year agreement to buy one million metric tons per annum of liquefied natural gas from the under-development Commonwealth LNG in Louisiana.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Enbridge Q4 Profit Up YoY
Enbridge cited 'favorable gas transmission contracting' compared to the fourth quarter of 2024.... Read more
Published on: 2026-02-16
Source: Rigzone RSS
Analyst Highlights Focus of IEW Event
IEW, which was hosted by the Energy Institute, took place from February 10-12 at the QEII Center in London.... Read more
Published on: 2026-02-16
Source: Rigzone RSS

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