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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

Serbia-China Joint Military Drills Spark EU Concerns
A Serbian military special operations brigade has completed joint training with a Chinese brigade in China despite strong objections from the European Union and the United States. The joint training ran from July 19-28 and took place in Hebei Province in northern China as Serbia, a candidate country for EU... Read more
Published on: 2025-07-30
Source: Oil Price RSS
Brazilian Oil May Head to Asia, Europe if Trump Enacts Tariffs
Brazil’s crude oil exports to the U.S. are facing an uncertain future as Washington prepares to impose sweeping 50% tariffs on Brazilian imports starting August 1—up from the current 10%. While it remains unclear whether crude oil will be included in the list, analysts and industry groups are already warning... Read more
Published on: 2025-07-30
Source: Oil Price RSS
$70 WTI Returns as Trump Targets India Over Russian Oil Ties
U.S. GDP expanded at a 3% annualized rate in the second quarter, beating most forecasts and suggesting surprising economic resilience, according to fresh data from the U.S. Department of Commerce. The news lifted oil prices modestly on Wednesday, with West Texas Intermediate (WTI) climbing 1.43% to $70.20 per barrel and... Read more
Published on: 2025-07-30
Source: Oil Price RSS
Sakhalin LNG, Oil Terminals Stable After Russian Quake, Tsunami Alert
A powerful 8.8 magnitude earthquake off Russia’s Kamchatka Peninsula early Tuesday triggered tsunami alerts across the Pacific through Wednesday, leading to heightened monitoring of oil and gas infrastructure in the Russian Far East.  Russian authorities later on Wednesday lifted tsunami warnings along the Sakhalin coast, according to The Guardian, following... Read more
Published on: 2025-07-30
Source: Oil Price RSS
What’s Fueling the Rise in Aluminum Prices?
Via Metal Miner Recent movements in aluminum prices show the metal holding strong despite global economic shifts and region-specific challenges in extraction and refining operations. On July 25, aluminum prices on the London Metal Exchange climbed to a four-month high, ending the week at US$2,656.5 and US$2,657 per ton, an increase of $10.5 or 0.39%.... Read more
Published on: 2025-07-30
Source: Oil Price RSS
EIA Reports Surprise 7.7M Barrel Crude Build
Crude oil inventories in the United States increased by 7.7 million barrels during the week ending July 25, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 426.7 million barrels according to government data, which is still 6% below... Read more
Published on: 2025-07-30
Source: Oil Price RSS
NMES, EthosEnergy Partner for On-Site Turbine Services
'By combining our technical depth in rotor engineering and manufacturing with NMES's world-class field execution, we are enabling operators to significantly reduce outage duration, cost, and risk'.... Read more
Published on: 2025-07-30
Source: Rigzone RSS
Baker Hughes to Buy Chart in $13.6B Deal
'This acquisition is a milestone for Baker Hughes', Baker Hughes Chairman and CEO Lorenzo Simonelli said.... Read more
Published on: 2025-07-30
Source: Rigzone RSS
Ex-Millennium Trader Launches Energy Focused Hedge Fund
A former Millennium Management LLC senior portfolio manager has launched an energy-focused hedge fund with the backing of New Holland Capital, people familiar with the matter said.... Read more
Published on: 2025-07-30
Source: Rigzone RSS
EQT Completes Acquisition of Olympus Energy Assets
EQT consequently raised its projected sales volume for 2025 by 100 Bcfe.... Read more
Published on: 2025-07-30
Source: Rigzone RSS
Constellation Receives FERC Approval for Calpine Acquisition
The approval represents the most recent step forward in the transaction following earlier approvals by the New York Public Service Commission and the Public Utility Commission of Texas.... Read more
Published on: 2025-07-30
Source: Rigzone RSS
DOE Allows PJM to Operate Wagner's Unit 4 above Operating Limit
'This order reduces the threat of power outages during peak demand conditions for millions of Americans'.... Read more
Published on: 2025-07-30
Source: Rigzone RSS

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