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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

Oil Majors Borrow Billions for Buybacks as Production Wanes
Oil prices fell for the second consecutive day on Tuesday, with market experts attributing the decline to the bearish nature of President Trump’s “Drill, Baby, Drill” agenda on oil prices. True to word, Trump signed an executive order on Monday repealing former President efforts to block oil drilling in the... Read more
Published on: 2025-01-21
Source: Oil Price RSS
Trump's Trade Strategy Fuels Unexpected Energy Boom
When President Donald Trump was on the campaign trail, he threatened the biggest trade partners of the U.S. with 25% tariffs unless they did something about the surplus they were running with the U.S. Analysts said this idea was risky. Now, Bloomberg has reported that the idea, while not exactly... Read more
Published on: 2025-01-21
Source: Oil Price RSS
Banks Ditch Net Zero as Climate Alliances Crumble
A few years ago, the world’s biggest banks and asset managers raced to commit to funding the energy transition and drop fossil fuel projects from portfolios as they came under shareholder and market pressure to join net-zero alliances.   But after years of scrutiny and blacklisting from Republican states in the... Read more
Published on: 2025-01-21
Source: Oil Price RSS
Greenland's Rare Earth Riches: The Epicenter of a New Cold War?
Via Metal Miner   Soon-to-be-sworn-in U.S. President Donald Trump has not been shy about his interest in “purchasing” Greenland, and it is possible rare earths are a big reason why. However, Trump is not the first President to consider adopting the northern landmass, which is currently an autonomous region under... Read more
Published on: 2025-01-21
Source: Oil Price RSS
Trump Tariffs Shake Global Commodity Markets
Oil and industrial metals declined as President Trump's renewed tariff threats against Canada and Mexico stoked fears of slower global growth, while gold rose as a haven for cautious investors.... Read more
Published on: 2025-01-21
Source: Rigzone RSS
Oil Analysts Divided on Trump's Impact on Oil Prices
Oil markets have kicked off the new week on the back foot, falling for the second consecutive day after President Trump was sworn in for a second term on Monday. Brent crude for March delivery was down 0.85% to trade at $79.49 per barrel at 11:40 am ET while WTI... Read more
Published on: 2025-01-21
Source: Oil Price RSS
Rare Winter Storm Tests Texas Grid, Triggers Blizzard Warning in Louisiana
'The system is going to drop a blanket of snow across the entire Gulf south'.... Read more
Published on: 2025-01-21
Source: Rigzone RSS
Trump's Crypto Launch Sparks Debate About U.S. Regulation
Bitcoin hit record highs on Monday, as President- Donald Trump, and First Lady-again Melania Trump launched their meme coins, days ahead of the inauguration. The cryptocurrency leader reached above $108,000(£88,668) for the first time ever on Monday morning, ahead of Trump’s official return to office. Susannah Streeter, head of money... Read more
Published on: 2025-01-21
Source: Oil Price RSS
EIA Forecasts Continued Increasing USA Crude Oil Production in 2025, 2026
The U.S. Energy Information Administration revealed its latest U.S. crude oil production forecasts in its January short term energy outlook.... Read more
Published on: 2025-01-21
Source: Rigzone RSS
Eni to Acquire Stake in Two Solar Farms, BESS Project in California
'Through this transaction we position ourselves in the California market, one of the most relevant for the development of renewables, further diversifying Plenitude presence in the United States'.... Read more
Published on: 2025-01-21
Source: Rigzone RSS
Aramco CEO Sees 'Good' China Oil Demand Driving Growth
China is still driving growth in global oil demand, the head of Saudi Aramco said.... Read more
Published on: 2025-01-21
Source: Rigzone RSS
SEB Analyst Says Brent Oil Was Ripe for Correction
Bjarne Schieldrop, the chief commodities analyst at SEB, said Brent crude was 'ripe for a correction lower'. ... Read more
Published on: 2025-01-21
Source: Rigzone RSS

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