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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

$100 Oil Price Forecasts Resurface Amid U.S.-Iran Standoff
Oil price spikes to $90-$100 per barrel are “within reach” as the United States and Iran appear close to war, Fereidun Fesharaki, Chairman Emeritus at energy market consultancy FGE NexantECA, told Bloomberg Television on Monday. “I don’t think the US has a choice but to go to war,” Fesharaki told... Read more
Published on: 2026-02-23
Source: Oil Price RSS
Goldman Sachs Hikes Year-End Oil Price Forecast by $6 Per Barrel
Even if it maintains the view of global oversupply this year, Goldman Sachs has raised its oil price forecast for the fourth quarter by $6 per barrel as inventories in advanced economies remain low. The Wall Street bank lifted its Q4 2026 price estimate by $6 to $60 per barrel... Read more
Published on: 2026-02-23
Source: Oil Price RSS
Saudi Aramco Secures First Condensate Deals From $100 Billion Jafurah Project
Saudi Aramco has sealed deals for several cargos of gas condensates from its $100-billion Jafurah shale gas facility, Reuters has reported, citing unnamed trade sources. The first cargo is set to depart by the end of the month. The deals Aramco has already secured are with U.S. companies and one... Read more
Published on: 2026-02-23
Source: Oil Price RSS
Europe Set for Another Record LNG Import Month
Europe is on track to break its previous record for monthly LNG imports in February, with Kpler forecasting a total of 14.20 million tons amid fast-depleting gas inventories. This amount would be an increase on the 13.67 million tons imported in January, Reuters’ Clyde Russell noted in a report on... Read more
Published on: 2026-02-23
Source: Oil Price RSS
EU Urges Trump to Honor Trade Deal
The European Commission has called on President Trump to stick to a trade deal the two sealed last summer, which features a commitment on the part of the EU to buy $250 billion worth of U.S. energy annually for a period of three years. Separately, the European Parliament is considering... Read more
Published on: 2026-02-23
Source: Oil Price RSS
Oil Traders May Be Pricing Iran Risk Too Lightly
Crude oil prices on Thursday settled at the highest in six months, with Brent crude topping $71 per barrel and WTI over $66. However, this may be just the start of a much stronger rally—it all depends on developments between the United States and Iran. The latest round of negotiations... Read more
Published on: 2026-02-22
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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