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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

Global Fuel Shortage Pushes Governments Toward Demand Controls
This week saw something that does not happen very often. WTI, normally trading at a discount to Brent crude, moved higher than the North Sea-focused benchmark. Traders explained it with fears of tight supply in the immediate term and some relief later this year. Some, however, doubt this relief would... Read more
Published on: 2026-04-05
Source: Oil Price RSS
U.S. Moves to Secure Venezuela’s Gold as Influence Deepens After Intervention
Since the United States intervention in Venezuela on January 3rd, which effectively brought an end to President Nicolás Maduro’s 13-year dictatorship, the Trump administration has had a heavy hand in Venezuelan politics. The U.S. has made it clear that any new political leader, who is currently interim President Delcy Rodriguez,... Read more
Published on: 2026-04-05
Source: Oil Price RSS
Britain Urges G7 to Accelerate Clean Energy Push Amid Global Turmoil
Britain has urged some of the world’s biggest powers to adopt clean energy at a faster pace to boost energy security during a time of geopolitical turmoil. The United Kingdom’s Chancellor of the Exchequer, Rachel Reeves, appealed to world leaders to accelerate the global green transition during the G7 Foreign... Read more
Published on: 2026-04-05
Source: Oil Price RSS
What Beijing Is Learning From Operation Epic Fury
Five weeks into the US-Israel air campaign against Iran, the world is tallying the economic wreckage: Brent crude at $114 a barrel, the Strait of Hormuz effectively closed to commercial traffic, and the International Energy Agency calling it the largest supply disruption in the history of the global oil market.... Read more
Published on: 2026-04-04
Source: Oil Price RSS
U.S. Auto Industry Proposes Vehicle Fee to Replace Gas Tax
The growing share of electric vehicles and the expected increase in EV sales this year amid soaring gasoline prices are reducing the revenues for the U.S. Highway Trust Fund, which pays for America’s roads. Most of the revenue for the fund comes from the 18.4% per gallon federal gas tax,... Read more
Published on: 2026-04-04
Source: Oil Price RSS
U.S. Battery Expansion Surges Ahead of Demand Curve
The United States is rapidly becoming a major international battery manufacturing power, as it works to compete with other producers, such as China. The battery manufacturing industry is forecast to grow so much in the coming years that supply may soon outstrip demand. Demand for batteries in the United States... Read more
Published on: 2026-04-04
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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