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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

India Has Imported $168 Billion in Russian Oil Since Start of Ukraine War
India has imported $168 billion worth of Russian crude oil since Putin invaded Ukraine in February 2022, according to data from Finland-based Centre for Research on Energy and Clean Air (CREA). India’s oil imports from Russia since the war in Ukraine began have reached 144 billion euros, or $168 billion,... Read more
Published on: 2026-01-07
Source: Oil Price RSS
Murphy Oil Confirms 'Significant' Oil Discovery offshore Vietnam
'The updated midpoint of recoverable resources for the primary reservoir is towards the high end of our previously communicated range of 170-430 million barrels of oil equivalent and the high end of the new range now exceeds 430 MMboe'.... Read more
Published on: 2026-01-07
Source: Rigzone RSS
S&P Global Energy Forecast Unchanged by VEN Developments
S&P Global Energy's forecast remains unchanged by Venezuela developments, an analysis piece sent to Rigzone by the S&P Global team late Monday stated. ... Read more
Published on: 2026-01-07
Source: Rigzone RSS
Germany's Emissions Progress Stalls Amid Slow Climate Tech Adoption
Germany saw its carbon dioxide emissions drop by just 1.5% in 2025 from the previous year, amid slow uptake of climate-friendly technologies in buildings and transport, German energy think tank Agora Energiewende said in its annual report on Wednesday.  The pace of emissions reductions slowed down last year from 2024,... Read more
Published on: 2026-01-07
Source: Oil Price RSS
Nigeria Misses 2025 Oil Production Target by 500,000 Bpd
Nigeria booked average daily crude oil production of around 1.5 million barrels for 2025, which was half a million barrels daily lower than the government’s target for the sector, Vanguard reported today. Official data from the Nigerian Upstream Petroleum Regulatory Commission showed there were 40 active drilling rigs in the... Read more
Published on: 2026-01-07
Source: Oil Price RSS
Strategists Forecast USA Crude Inventory Drop
Macquarie strategists, including Walt Chancellor, are forecasting that U.S. crude inventories will be down for the week ending January 2. ... Read more
Published on: 2026-01-07
Source: Rigzone RSS
3D Energi Upbeat on Potential New Discovery in Charlemont Campaign
The Charlemont trend 'could be among the largest gas pools in the Otway Basin'.... Read more
Published on: 2026-01-07
Source: Rigzone RSS
Study Claims Presence of Younger Fossil Fuel Rocks in Nordic Seas
New research using drilling samples points to a widespread Miocene-age petroleum system in the eastern Nordic Seas similar to prolific producing basins offshore West and Central Africa.... Read more
Published on: 2026-01-07
Source: Rigzone RSS
Valero to Boost Fuel Imports to California After Refinery Closure
Valero will increase fuel imports to California following its scheduled closure of the Benicia refinery, the company said this week in an update. The Benicia refinery is due to shut down in April this year as California energy policies made the continued operation of the facility problematic. Last year, the... Read more
Published on: 2026-01-07
Source: Oil Price RSS
Russian Fuel Flows Jump to Highest in 4 Months
The surge was driven by stronger diesel shipments from Baltic ports to nearby markets.... Read more
Published on: 2026-01-07
Source: Rigzone RSS
Chevron and Quantum Prepare $22 Billion Bid for Lukoil Assets
Chevron and Quantum Energy Partners have teamed up on a joint bid for the international assets of Russian oil major Lukoil, estimated to be worth $22 billion, the Financial Times reported today without going into detail about the bid. Reuters noted in its own report on the FT news that... Read more
Published on: 2026-01-07
Source: Oil Price RSS
Oil Prices Fall as Trump Says Venezuela Will Turn Over Up to 50 Million Barrels
Oil prices extended losses in early Asian trade on Wednesday as President Trump claimed that Venezuela would be "turning over" between 30 and 50 million barrels of oil. Markets are increasingly seeing the capture of Maduro and growing U.S. pressure on Venezuela as bearish for oil prices, with expectations that... Read more
Published on: 2026-01-06
Source: Oil Price RSS

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