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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 Cushion Is Gone and the Oil Market Is Now Exposed
The global oil market has been on a rollercoaster since late February, but the price reaction to the largest supply disruption in history has been relatively muted. The calm was not complacency; buffers were there to absorb the shock. But the system that held for four weeks is no longer... Read more
Published on: 2026-03-27
Source: Oil Price RSS
Why the Iran Conflict Is Good News for Chinese Automakers
A sharp rise in oil prices tied to the US-Israel confrontation with Iran is likely to speed up the global transition to electric vehicles, strengthening a shift that has already helped China overtake Japan as the world’s top car seller, according to South China Morning Post. Crude prices have surged... Read more
Published on: 2026-03-27
Source: Oil Price RSS
Russia Warns of Force Majeure on Oil Cargoes After Port Disruptions
Russia’s oil exporters are warning buyers that cargoes from its key Baltic ports may not be delivered at all. Russian producers are now saying they may declare force majeure on cargoes from key Baltic Sea ports after a sustained wave of Ukrainian drone strikes knocked out critical infrastructure this week.... Read more
Published on: 2026-03-27
Source: Oil Price RSS
Aker BP’s Earnings Slide Masks a Massive Growth Push
Aker BP’s 2025 Annual Report confirms what the market has been sensing for months: this was not a peak year—it was a transition year.Production held firm, costs remained low, and shareholder payouts continued. But weaker realized oil prices and impairments drove a sharp drop in earnings, even as the company... Read more
Published on: 2026-03-27
Source: Oil Price RSS
A Key Russia-Iran Supply Line Remains Open Despite the War
All the bombs dropped by the United States and Israel over the past four weeks on Iran have not disrupted a key trade route with Russia that both Tehran and Moscow rely on to help keep their respective war efforts going. And Azerbaijan, despite its strong ties to both the... Read more
Published on: 2026-03-27
Source: Oil Price RSS
US Drillers Pull Back As WTI Soars Past $98
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 543, down 49 from this same time last year. The number of active... Read more
Published on: 2026-03-27
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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