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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

BP CEO Shake-Up Reopens Talk of a Shell Megadeal
The appointment of Meg O’Neill as BP's chief executive officer, replacing Murray Auchincloss, is a momentous milestone in the oil industry. When O’Neill takes over on April 1, 2026, she will become the first woman ever to lead a Big Oil company. But O’Neill’s arrival at BP could turn out... Read more
Published on: 2025-12-19
Source: Oil Price RSS
China Eases Rare Earth Export Rules Following U.S. Trade Truce
The tit-for-tat trade war between the US and China earlier this year cooled by late October after President Trump and President Xi agreed to a trade truce that, so far, appears to be holding. There are early signs that the truce is beginning to restore rare earth trade between China... Read more
Published on: 2025-12-19
Source: Oil Price RSS
Oil Posts Second Weekly Decline
Oil declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply. ... Read more
Published on: 2025-12-19
Source: Rigzone RSS
Ukraine Hits Another Oil Tanker, This Time in Med
Ukraine for the first time hit an oil tanker from Russia's shadow fleet in the Mediterranean Sea.... Read more
Published on: 2025-12-19
Source: Rigzone RSS
Woodside Energy Chief O’Neil To Take Helm at BP in 2026
FTSE 100 oil major BP has replaced its top boss after just two years in the role as the energy giant targets a major turnaround. BP will swap out incumbent boss Murray Auchincloss, who has been in the role since the start of 2024, for Woodside Energy chief Meg O’Neil.... Read more
Published on: 2025-12-19
Source: Oil Price RSS
Russia Faces Sharp Drop in Oil Tax Revenue at Start of 2026
Russia is heading into 2026 with a familiar problem wearing a sharper edge: the oil revenues that bankroll its budget — and its war — are shrinking fast. According to Reuters calculations released Friday, Russia’s tax proceeds from crude oil production in January could fall to about 380 billion roubles... Read more
Published on: 2025-12-19
Source: Oil Price RSS
US Oil Drillers Slow Activity In Tough Price Environment
The total number of active drilling rigs for oil and gas in the United States fell by 6 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US  to 542 this week, down 47 from this same time last year.... Read more
Published on: 2025-12-19
Source: Oil Price RSS
Ukraine Hits Russian Shadow Tanker in Mediterranean for First Time
Ukraine has hit an empty oil tanker of Russia’s shadow fleet in the Mediterranean in the first such drone attack in this sea in another escalation of the Ukrainian strikes on Russian vessels.  The Qendil tanker, flying the flag of Oman, was targeted and hit by drones, Ukraine said on... Read more
Published on: 2025-12-19
Source: Oil Price RSS
Dallas Fed Energy Survey Shows Oil and Gas Activity Decline
Rigzone takes a look at the fourth quarter Dallas Fed Energy Survey. ... Read more
Published on: 2025-12-19
Source: Rigzone RSS
Energy Transfer Suspends LNG Project
Energy Transfer LP suspended development of a Louisiana liquefied natural gas export project to concentrate on building and expanding pipelines. ... Read more
Published on: 2025-12-19
Source: Rigzone RSS
'Significant' Undiscovered Resources in GC Haynesville
'We have assessed there are significant undiscovered resources in the Haynesville Formation of the Gulf Coast', USGS Director Ned Mamula said.... Read more
Published on: 2025-12-19
Source: Rigzone RSS
TotalEnergies to Power Google Data Center Operations in Malaysia
TotalEnergies signed a 21-year agreement with Google to supply the tech giant 20 MW of certified renewable electricity from a planned solar plant in Kedah.... Read more
Published on: 2025-12-19
Source: Rigzone RSS

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