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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

The Grid Needs an Expansion. Who Will Foot the Bill?
The energy transition was the first trend to put the electric grid in the spotlight. Built for baseload generation rather than a swarm of wind and solar installations scattered all over the country, the grid and its expansion to incorporate more wind and solar became the main topic of transition... Read more
Published on: 2026-03-16
Source: Oil Price RSS
Deep Fission Launches Groundbreaking Nuclear Project in Kansas
Deep Fission has finally broken ground on its cutting-edge power project in the Great Plains Industrial Park in Parsons, Kansas. The innovative start-up seeks to turn traditional nuclear power production on its head by burying it deep, deep underground – and slashing nuclear energy operational costs by up to 80... Read more
Published on: 2026-03-16
Source: Oil Price RSS
Russia Is Losing Its Grip on Central Asia’s Power Sector
An important revenue stream in Central Asia for Russia appears in danger of slowing to a trickle. The international power sector has long been lucrative for Russia, via projects developed by Rosatom, the state-controlled atomic energy entity, and other Kremlin-connected companies. But the ability of Russia and its corporate proxies... Read more
Published on: 2026-03-16
Source: Oil Price RSS
China Silent After Trump Asks Beijing for Help in Strait of Hormuz
China has remained publicly silent after U.S. President Donald Trump on Monday urged Beijing to help reopen the Strait of Hormuz, the critical oil chokepoint that has been largely shut down during the escalating war with Iran. The standoff around the narrow waterway, through which roughly 20% of the world’s... Read more
Published on: 2026-03-16
Source: Oil Price RSS
World's Top Aluminium Smelter Cuts Output Due to Shipping Chaos
The world's largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story - it's now spreading into industrial metals. These second-... Read more
Published on: 2026-03-16
Source: Oil Price RSS
TotalEnergies Finalizes Plan for Azeri Absheron Field's Second Phase
TotalEnergies expects first gas from the expansion of its Absheron gas and condensate field in Azerbaijan to flow in September 2029, the French supermajor said in an environmental impact assessment of the project’s expansion to phase two.  The Absheron Full Field Development Project envisages that the field, which started producing... Read more
Published on: 2026-03-16
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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