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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

Europe's Green Energy Transition Faces Unexpected Hurdles
Energy prices across Europe fell below zero for a record number of hours in 2024. An accelerated buildout of large-scale wind and solar farms has flooded European grids at peak production hours, causing surplus energy to be sold at a loss at increasingly frequent increments, for a grand total of... Read more
Published on: 2024-12-20
Source: Oil Price RSS
Putin's Peace Overture: A Calculated Strategy or Genuine Desire for Resolution?
Vladimir Putin’s end-of-year Q&A session with reporters and the public is billed as a chance for Russian citizens to ask the president about the issues that matter to them most. But while much of the televised marathon focuses on domestic affairs, Putin always uses it to send signals to the... Read more
Published on: 2024-12-20
Source: Oil Price RSS
Trafigura, Gunvor Weigh Trump Wildcard Against Oil Glut in 2025
Two of the world's biggest oil traders are expecting the market to be oversupplied next year - but both agree that Donald Trump might just change everything.... Read more
Published on: 2024-12-20
Source: Rigzone RSS
Oil Slips Amid Fed Signals and Trump Tariff Threats
Crude posted weekly losses as slower Fed rate cuts and Trump's EU tariff threats weighed on markets, while muted inflation data tempered the selloff.... Read more
Published on: 2024-12-20
Source: Rigzone RSS
Romanian Steel Industry Feels the Pinch of Economic Slowdown
Via Metal Miner   Difficult market conditions have prompted Romanian steel industry leader ArcelorMittal Hunedoara to reduce production until year’s end. According to a notice provided to the Bucharest Stock Exchange, the longs producer’s board of directors decided to reduce production from December 9-31 and pay 75% of salaries to... Read more
Published on: 2024-12-20
Source: Oil Price RSS
Data Centers Are Eating the Grid Alive
The future of data centers is about to make a huge draw on the power grid. According to a DOE-backed report from Lawrence Berkeley National Lab, U.S. data center energy use could nearly triple by 2028, eating up as much as 12% of the country’s electricity. Why? Blame AI and... Read more
Published on: 2024-12-20
Source: Oil Price RSS
No Change to U.S. Drilling Activity Heading Into Holiday Week
The total number of active drilling rigs for oil and gas in the United States stayed the same again this week, according to new data that Baker Hughes published on Friday, after seeing no change in the week prior. The total rig count remained flat at 589 total rigs, according... Read more
Published on: 2024-12-20
Source: Oil Price RSS
Russian Oil Flows Through Druzhba Pipeline Halted Again
It’s happened again. The Druzhba pipeline—Russia’s aging oil lifeline to Europe—has gone silent, leaving Hungary, Slovakia, and the Czech Republic without their usual crude oil fix. According to sources, the culprit is a “technical issue” at a Russian pumping station in the Bryansk region. Transneft, the pipeline’s operator, has yet... Read more
Published on: 2024-12-20
Source: Oil Price RSS
EIA Expects USA Energy Consumption to Rise
Total U.S. energy consumption will come in at 23.86 qBtu in the fourth quarter of this year, according to the EIA. ... Read more
Published on: 2024-12-20
Source: Rigzone RSS
Phillips 66 to Sell Stake in Gulf Coast Express Pipeline
The transaction will result in the Houston, Texas-based downstream oil and gas player exceeding a $3 billion divestment plan.... Read more
Published on: 2024-12-20
Source: Rigzone RSS
Trump Threatens Tariffs If EU Doesn't Buy More USA Oil and Gas
The U.S. is the world's largest producer of crude oil and the biggest exporter of liquefied natural gas. ... Read more
Published on: 2024-12-20
Source: Rigzone RSS
Chevron Places 20-Year, 2 MMtpa Offtake from Lake Charles LNG
Energy Transfer signed an agreement to supply Chevron two MMtpa of LNG over 20 years from the planned Lake Charles LNG in Louisiana.... Read more
Published on: 2024-12-20
Source: Rigzone RSS

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