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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

Uzbekistan Builds Where the West Withdrew
Uzbekistan’s interest in connectivity with Afghanistan is driven by economic opportunity, energy cooperation, security needs, and geopolitical strategy - factors that will help Uzbekistan access new markets and stabilize the region. Ambassador Javlon Vakhabov of the International Institute for Central Asia in Tashkent, Uzbekistan, calls it “Stability Through Connectivity.” That... Read more
Published on: 2025-06-06
Source: Oil Price RSS
Trump Frustrated Over Lack of Progress in Ukraine-Russia Negotiations
US President Donald Trump on June 5 compared Russia's war against Ukraine to children fighting in comments during a visit by German Chancellor Friedrich Merz, telling reporters at the White House that "sometimes you're better off letting them fight for a while." Trump downplayed prospects for an immediate peace between... Read more
Published on: 2025-06-06
Source: Oil Price RSS
Kenya Says Tullow Asset Sale 'Raises Concern' for Oil Sector
Kenya lawmakers said a lack of detail over Tullow Oil Plc's sale of oil assets to local company Gulf Energy 'raises concerns' for the industry in the East African nation.... Read more
Published on: 2025-06-06
Source: Rigzone RSS
Oil Rises as Solid USA Jobs Data Pushes Algos to Drop Short Bets
Oil rose as stronger than expected U.S. jobs data eased concerns about an economic slowdown that would crimp demand.... Read more
Published on: 2025-06-06
Source: Rigzone RSS
AI Race Brings Energy Reliability Back into Spotlight
Artificial intelligence is all over the media—and so is its energy consumption, which is spurring something of a new tech race. That race, however, besides innovation, includes some simpler moves, such as a return to a kind of power generator that had been consigned to history. Single-cycle gas turbines used... Read more
Published on: 2025-06-06
Source: Oil Price RSS
Trump’s Coal Comeback Goes Global
In a move that fuses domestic revival with international strategy, the Trump administration has greenlit the expansion of Montana’s Bull Mountains coal mine—unlocking nearly 60 million tons of coal destined for key U.S. allies Japan and South Korea. The approval, announced Friday by the Department of the Interior, comes under... Read more
Published on: 2025-06-06
Source: Oil Price RSS
US Oil Drillers See Sharp Decline in Activity
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that. The total rig count in the... Read more
Published on: 2025-06-06
Source: Oil Price RSS
U.S. Sanctions Hit Iranian Oil Smuggling Network in Asia
The U.S. Treasury Department has unleashed a sweeping wave of sanctions targeting a sprawling network of companies and individuals accused of facilitating Iranian oil and petrochemical exports in violation of existing sanctions. The action, announced Friday, strikes at the financial and logistical infrastructure underpinning Iran’s shadow energy trade—particularly its crude... Read more
Published on: 2025-06-06
Source: Oil Price RSS
Alaska LNG Attracts Potential Partners in Asia, EU
The companies 'expressed interest for over $115 billion of contract value for various partnerships with the Project, including equipment and material supply, services, investment, and customer agreements'.... Read more
Published on: 2025-06-06
Source: Rigzone RSS
EIA Fuel Update Shows Declining USA Gasoline, Diesel Price
In its latest gasoline and diesel fuel update, the U.S. Energy Information Administration showed a declining price trend for U.S. regular gasoline and U.S. on-highway diesel fuel.... Read more
Published on: 2025-06-06
Source: Rigzone RSS
USA Targets Niche Gas That China Can't Replace as Trade War Chip
America supplies China with almost all of its ethane.... Read more
Published on: 2025-06-06
Source: Rigzone RSS
BC Upholds Prince Rupert Gas Pipeline Permit
Proposed route changes remain under review.... Read more
Published on: 2025-06-06
Source: Rigzone RSS

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