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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

Morgan Stanley First to Revise Oil Price Forecast After OPEC+ Update
Morgan Stanley raised its price forecast for Brent crude for 2026 to $60 per barrel from $57.50 following OPEC+’s decision to pause production hikes over the first three months of next year. This was the first oil price forecast revision after the Sunday meeting of the oil-producing group, which also... Read more
Published on: 2025-11-03
Source: Oil Price RSS
Chinese Oil Buyers Reduce Russian Purchases
Chinese refiners are canceling Russian oil cargos and adopting a wait-and-see attitude after the latest U.S. sanctions on Russia’s oil industry. Bloomberg reports, citing traders, that state-owned majors including Sinopec and PetroChina had canceled previously ordered Russian oil cargos, while the so-called teapots, or independent refiners, had stopped buying Russian... Read more
Published on: 2025-11-03
Source: Oil Price RSS
Indian Refining Giant Switches From Russian to Emirati Crude
Bharat Petroleum, one of the largest refiners in India, has bought a cargo of Emirati Upper Zakum crude, as it seeks alternatives to Russian oil, Reuters has reported, citing unnamed sources. The cargo is 2 million barrels, to be delivered next month. Bharat Petroleum bought it on the spot market,... Read more
Published on: 2025-11-03
Source: Oil Price RSS
China Buyers Shun Russian Oil amid Sanctions
State-owned giants such as Sinopec and PetroChina canceled some Russian cargoes in the wake of US sanctions on Rosneft and Lukoil.... Read more
Published on: 2025-11-03
Source: Rigzone RSS
Iberdrola Raises Stake in Brazil's Neoenergia
Banco do Brasil's pension fund sold its stake in Neoenergia to Iberdrola for around $2.22 billion.... Read more
Published on: 2025-11-03
Source: Rigzone RSS
Samsung to Build New Qatar Carbon Capture Project
QatarEnergy awarded Samsung C&T the engineering, procurement and construction contract for a CCS project that will serve existing natural gas liquefaction facilities in Ras Laffan Industrial City.... Read more
Published on: 2025-11-03
Source: Rigzone RSS
Oil Prices Edge Higher After OPEC+ Pauses Output Hikes in Early 2026
Oil prices rose modestly in early Asian trading on Monday after OPEC+ opted for a limited production increase in December and delayed further hikes in the first quarter of 2026, signalling caution amid demand uncertainty. At the time of writing, Brent was trading up 0.54% at $65.12 per barrel, while... Read more
Published on: 2025-11-02
Source: Oil Price RSS
Energy Transition Stalls 10 Years After Paris Agreement
Ten years after the landmark Paris Agreement to pursue net-zero emissions by 2050, the world faces a slowing transition to clean energy despite record-breaking renewable capacity installations.    Much has changed in the energy systems in the decade since the Paris Agreement was signed in 2015. These systems faced a global... Read more
Published on: 2025-11-02
Source: Oil Price RSS
How Artificial Intelligence Is Powering a New Industrial Boom
Concern has been rising that artificial intelligence is killing jobs, and there is evidence to support this. But in the energy industry, executives are loving AI. A fifth of energy companies are already using the technology, and an overwhelming majority of executives believe AI is a force for good. For... Read more
Published on: 2025-11-02
Source: Oil Price RSS
Hungary Prepares Bill For Fuel Emergencies
Hungary has drafted legislation on steps to be taken in case of a fuel-supply emergency.... Read more
Published on: 2025-11-02
Source: Rigzone RSS
Lukoil to Sell Assets to Gunvor Amid Sanctions
Russian oil producer Lukoil PJSC has agreed to sell its international assets to energy trader Gunvor Group.... Read more
Published on: 2025-11-01
Source: Rigzone RSS
Oil Steadies Ahead of OPEC+ Talks
Oil prices ended the week steady as traders anticipated another modest OPEC+ output increase.... Read more
Published on: 2025-10-31
Source: Rigzone RSS

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