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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

Texas LNG Developer Starts Search for Project Funders
Glenfarne Group has started its search for companies to finance its Texas LNG project, Bloomberg has reported, citing the company. Mizuho Financial Group and Canada’s Imperial Bank of Commerce are advising it. The news follows the signing of a 20-year LNG offtake deal between Glenfarne and Australia’s Macquarie Group, announced... Read more
Published on: 2026-01-09
Source: Oil Price RSS
Shell Expects Weak Oil Trading Result for Q4
The update comes at a time when the oil market is lurching into an oversupply that could make for challenging trading conditions in the months ahead.... Read more
Published on: 2026-01-09
Source: Rigzone RSS
Trump’s Venezuela Oil Gambit Sparks Alarm Across the U.S. Shale Patch
Donald Trump’s plans to take over Venezuela’s oil industry could have a negative impact on U.S. oil companies, executives from the shale patch have warned, per a Financial Times report that cited several of them. The problem that executives see with the Venezuelan takeover plan is that it would drive... Read more
Published on: 2026-01-09
Source: Oil Price RSS
Oil Prices Climb as Geopolitical Risk Rises Rapidly
Oil prices continued to climb in early Asian trade on Friday morning after posting a sharp increase on Thursday, with the market again pricing in geopolitical risk across multiple key producers and shipping routes. At the time of writing, West Texas Intermediate was trading around $58.27 per barrel, up by... Read more
Published on: 2026-01-08
Source: Oil Price RSS
Why Trump Underestimates the Challenge of Reviving Venezuela’s Oil
Earlier in the week, U.S. President Donald Trump announced that Venezuela’s interim authorities will be turning over up to 50 million barrels of oil to the United States, before later declaring his administration will control Venezuela's oil sales 'indefinitely'. Trump has decried the state of Venezuela’s oil sector, noting that... Read more
Published on: 2026-01-08
Source: Oil Price RSS
Tanker Rate Relief Boosts U.S. Crude, For Now
A dip in tanker rates has improved the price outlook for U.S. crude this month, as it signals stronger demand. However, the relief may not last too long as most tanker market forecasts for the year still see rates much higher than they were in 2025. “The shipping markets are... Read more
Published on: 2026-01-08
Source: Oil Price RSS
Data Centers Are Asked to Bring Own Power Generation... or Shut Down
Big Tech firms are requesting hundreds of gigawatts of power demand from data centers to connect to the U.S. grids. But aging grid infrastructure in key regional markets and grid investments lagging behind the soaring demand are forcing grid operators to offer some alternative options to the hyperscalers looking to... Read more
Published on: 2026-01-08
Source: Oil Price RSS
Oil Prices Jump as Short Covering Builds
Traders reacted to Iran tensions, positioning shifts, and supply uncertainty.... Read more
Published on: 2026-01-08
Source: Rigzone RSS
Survey Shows OPEC Held Supply Flat Last Month
The Saudis and seven of their main OPEC+ partners will hold a video conference on Feb. 1 to review output policy for the months ahead.... Read more
Published on: 2026-01-08
Source: Rigzone RSS
USA Crude Oil Stocks Drop Nearly 4MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 419.1 million barrels on January 2, the EIA's latest weekly petroleum status report showed.... Read more
Published on: 2026-01-08
Source: Rigzone RSS
China's Top Oil Firms Turn to Beijing for Guidance on VEN
Leading Chinese oil companies with interests in Venezuela have asked Beijing for guidance on how to protect their investments.... Read more
Published on: 2026-01-08
Source: Rigzone RSS
Honeywell to Supply Technology for Commonwealth LNG
Commonwealth LNG main contractor Technip Energies tapped Honeywell for integrated liquefied natural gas pretreatment and liquefaction solutions for the Louisiana project.... Read more
Published on: 2026-01-08
Source: Rigzone RSS

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