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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

Why Sanctions Relief Alone Won't Fix Venezuela's Oil Industry
After the latest political shock in Venezuela, speculation has surged over the prospects of a recovery for the country’s oil industry. On paper, Venezuela still holds the world’s largest proven oil reserves. In reality, production remains a fraction of what it once was. How quickly Venezuela’s oil production ramps up... Read more
Published on: 2026-01-09
Source: Oil Price RSS
US Army Selects Nine Bases for Microreactors
The current US administration has made the expansion of nuclear power a key priority, and through the Janus Program, the United States Army is placed to implement new, portable nuclear technology.The program unveiled last year aims to supply “microreactors” — which are 100 to 1,000 times smaller than conventional nuclear... Read more
Published on: 2026-01-09
Source: Oil Price RSS
The Five Key Trends Driving China's 2026 Energy Strategy
China’s meteoric rise to become the world’s first ‘electrostate’ is poised to shake up the entire global economy and the future of energy markets. The country is breaking away from the rest of the world both in terms of what it's investing in and how much it’s investing. China, the... Read more
Published on: 2026-01-09
Source: Oil Price RSS
Lukoil’s Fire Sale and the New Era of Sanctions-by-Ownership
Even as geopolitical developments, such as Venezuela and Iran, are making headlines, another major energy-related issue is currently being unwound. At present, the fire sale of Russian oil and gas giant Lukoil’s empire is ongoing, in the only way this can be done for a sanctioned Russian major. The whole... Read more
Published on: 2026-01-09
Source: Oil Price RSS
Iran Turmoil Pushes Oil to Weekly Gain Streak
Oil prices rose for a third week as unrest in Iran heightened geopolitical risk.... Read more
Published on: 2026-01-09
Source: Rigzone RSS
Trump Tells Oil Executives Venezuela Deal Will Create “Tremendous Wealth”
President Trump on Friday framed a sweeping new Venezuela oil deal as a once-in-a-generation opportunity for U.S. energy companies and the American economy, telling executives that the agreement would generate “tremendous wealth” for industry and “great wealth” for the American people. Speaking to a group of oil majors and traders,... Read more
Published on: 2026-01-09
Source: Oil Price RSS
Russia's Crude Output in December Made Deep Plunge
Russia's crude oil production plunged by the most in 18 months in December.... Read more
Published on: 2026-01-09
Source: Rigzone RSS
£190 Billion Deal Would Create World's Largest Mining Entity
The global mining landscape is bracing for a seismic shift after Rio Tinto and Glencore confirmed they are in talks regarding a potential merger. A tie-up between the two FTSE 100 titans would create the world’s largest mining entity, boasting a combined enterprise value of approximately £190bn. Glencore shares rallied... Read more
Published on: 2026-01-09
Source: Oil Price RSS
Texas Oil, Gas Industry Employed Nearly 500K Texans in 2025
The Texas oil and natural gas industry employed 495,501 Texans last year, according to TXOGA's 2025 Energy and Economic Impact report.... Read more
Published on: 2026-01-09
Source: Rigzone RSS
Burgum Says VEN Oil Revival Won't Rely on Funding From USA
The Trump administration is unlikely to provide financial support to help U.S. oil companies revitalize Venezuela's oil sector, Interior Secretary Doug Burgum said Friday.... Read more
Published on: 2026-01-09
Source: Rigzone RSS
Nodal Hits Record Annual Volumes in Power, Environmental Markets
The derivatives trading platform for North American commodity markets saw 3.1 billion megawatt hours of power futures and 749,222 lots of environmental futures and options traded in 2025.... Read more
Published on: 2026-01-09
Source: Rigzone RSS
30 Pct of Oil Reserves Might be Consolidated Under US Influence
Around 30 percent of global oil reserves might be consolidated under U.S. influence, J.P. Morgan analysts stated.... Read more
Published on: 2026-01-09
Source: Rigzone RSS

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