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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

Middle East War Threatens Renewable Energy Rollout
War in the Middle East has reshaped near-term energy market expectations, with direct implications for hydrocarbon supply affecting power sectors across liquified natural gas (LNG) imports, oil imports, and spot gas-dependent economies, mainly in Europe and Asia. While Middle Eastern countries retain access to abundant domestic fossil fuels, the effective... Read more
Published on: 2026-05-13
Source: Oil Price RSS
Electricity Industry Faces Risks from Three New Technologies
Electric company annual reports describe technological risk in the vaguest of terms, asserting that firms face numerous, generalized risks— boiler plate to provide legal cover just in case something happens, such as an ET invasion. What specific risks do the companies face? You’ll never know from reading their reports. Anyway,... Read more
Published on: 2026-05-13
Source: Oil Price RSS
Saudi Aramco Looks to Raise $10 Billion from Real Estate Asset Deal
Saudi Arabia's oil giant Aramco expects to raise at least $10 billion from a potential sale and leaseback deal for its real estate assets, including its Dhahran Camp residential community in the Eastern Province of the Kingdom, Bloomberg reported on Wednesday, citing sources with knowledge of the plans. Through a... Read more
Published on: 2026-05-13
Source: Oil Price RSS
The Fuel Shortage That Could Reshape Global Trade
The war with Iran is not going well. It is difficult to supply US troops with adequate food and other necessities. With summer arriving soon, the region will soon be an even more inhospitable place for ground troops to fight. An underlying problem is that the world economy was reaching... Read more
Published on: 2026-05-13
Source: Oil Price RSS
Russia's Oil Revenues Surge $6.3 Billion as High Prices Offset Production Losses
Russia’s oil export revenues have continued to rise despite lower production thanks to high oil prices. According to the International Energy Agency (IEA) monthly market report for May, Russia’s oil export revenues clocked in at $19.18 billion in April, good for a modest $180 million increase from March but a... Read more
Published on: 2026-05-13
Source: Oil Price RSS
US Crude Oil, Gasoline Inventories Continue to Crash as Iran War Takes Its Toll
Crude oil inventories in the United States decreased by 4.3 million barrels during the week ending May 8, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 452.9 million barrels, according to government data, which is 0.3% below the... Read more
Published on: 2026-05-13
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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