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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

Microgrids Set for $17 Billion Boom as Central Grids Fail
The global energy landscape is undergoing a decisive structural shift, moving away from the century-old model of centralized utility dependence toward localized, autonomous power networks. According to a new industry report by Credence Research, the global market for decentralized microgrid solutions is projected to nearly triple in value over the... Read more
Published on: 2025-12-10
Source: Oil Price RSS
South Sudan Oil Exports at Risk
South Sudan's oil exports faced a new threat.... Read more
Published on: 2025-12-10
Source: Rigzone RSS
EU Unveils $1.4 Trillion Plan to Fix Power Grid Bottlenecks
The European Commission is expected to launch a nearly $1.4 trillion (1.2 trillion euros) package to upgrade cross-border electric grids and accelerate planning and permitting as the EU looks to strengthen power links and accommodate a growing share of renewable electricity generation. The European Commission is set to unveil the... Read more
Published on: 2025-12-10
Source: Oil Price RSS
Petrobras Workers Announce Nationwide Strike
Workers at Brazil's Oil & Gas giant Petróleo Brasileiro S.A. (NYSE:PBR), aka Petrobras, have announced a nationwide strike starting December 15, terming the company's latest counteroffer for a labor agreement as "disrespectful”. Petrobras workers have been pushing for changes to the employee compensation structure, claiming there’s a deficit in the... Read more
Published on: 2025-12-10
Source: Oil Price RSS
Can Small Modular Reactors Solve Britain's AI Energy Crunch?
Britain’s AI boom is running straight into an energy wall, and nuclear power was supposed to act as its crutch to get around it. Instead, the government has hit pause, just as data centre demand is set to explode, leading investors wondering whether the UK risks talking itself out of... Read more
Published on: 2025-12-10
Source: Oil Price RSS
Elon Musk’s SpaceX Targeting $1 Trillion Valuation in 2026 IPO
Elon Musk's space transportation company SpaceX is targeting a raise of $25 billion through an initial public offering (IPO) in the coming year, in a move that will give it a valuation of over $1 trillion, making SpaceX one of the world’s most valuable companies, thanks in large part to... Read more
Published on: 2025-12-10
Source: Oil Price RSS
A New Wave of Merger Mania Is About to Hit the Shale Patch
A new wave of consolidation is on the horizon for small- and medium-sized US shale producers, largely driven by an appetite for scale in a merger and acquisition (M&A) environment that is getting increasingly competitive. Scale and efficiency are key catalysts for exploration and production (E&P) players who are seeking... Read more
Published on: 2025-12-10
Source: Oil Price RSS
Exxon CFO to Retire
Kathy Mikells, the first outsider to join Exxon Mobil Corp.'s inner circle of top executives, will retire next year.... Read more
Published on: 2025-12-10
Source: Rigzone RSS
Eni Announces 'Significant' Find Offshore Indonesia
'Estimates indicate 600 billion cubic feet of gas initially in place with a potential upside beyond one trillion cubic feet', Eni said.... Read more
Published on: 2025-12-10
Source: Rigzone RSS
Kinder Morgan Expects to Ride on LNG, Power Demand Growth
'We expect to continue benefiting from strong natural gas market fundamentals, supporting growth on our existing transportation and storage assets and creating expansion opportunities'.... Read more
Published on: 2025-12-10
Source: Rigzone RSS
Phase 1 of Varco's Sizing John BESS in Liverpool Reaches Full Operation
Sizing John Phase 1 has 'one of the longest durations (2.4 hours) of any operational battery project in the UK'.... Read more
Published on: 2025-12-10
Source: Rigzone RSS
Gas Deals Take Center Stage in Q4
Gas deals have taken center stage in the final quarter of 2025, Andrew Dittmar, Principal Analyst at Enverus Intelligence Research, said. ... Read more
Published on: 2025-12-10
Source: Rigzone RSS

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