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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

Saudi Arabia Set to Lower Oil Prices to Asia Again
Saudi Arabia is expected to further lower the price of its crude oil bound for Asia in February, as global supply remains plentiful and spot benchmarks in the Middle East have dropped, a Reuters survey of six Asian refining sources showed on Monday.   Saudi Arabia, the biggest crude exporter in... Read more
Published on: 2025-12-29
Source: Oil Price RSS
Baker Hughes Gets Go Signal for Commonwealth LNG Contract
Developers Kimmeridge and Mubadala expect to sanction the project in the first quarter of 2026 and achieve startup in 2030.... Read more
Published on: 2025-12-29
Source: Rigzone RSS
Oil Stuck in Tug of War
'Geopolitics are adding short term volatility and keeping prices supported, but persistent oversupply, rising inventories, and weakening demand signals are capping any real upside', said Naeem Aslam, Chief Market Analyst at Zaye Capital Markets.... Read more
Published on: 2025-12-29
Source: Rigzone RSS
Oil Defies Ukraine Peace Hopes, Rises 2% as Iran Declares 'Full-Scale War'
Oil prices rose by 2% early on Monday in thinner-than-usual trading after the U.S. and Ukrainian presidents said progress had been made on a peace agreement, but issues still remain to be discussed.   As of 7:43 a.m. ET on Monday, the U.S. benchmark crude price, WTI Crude, was up by... Read more
Published on: 2025-12-29
Source: Oil Price RSS
China’s EV Exports Soar by 87%
China’s exports of electric vehicles surged by 87% in November from a year earlier, with Asia and Europe taking the highest number of Chinese EVs, per data from China’s customs office cited by Bloomberg. Asia remained the top export market for China-made EVs, with a 71% jump in sales, to... Read more
Published on: 2025-12-29
Source: Oil Price RSS
Where Will USA Gasoline, Diesel Prices Land in 2025, 2026?
The U.S. regular gasoline retail price and the U.S. on-highway diesel fuel retail price will both drop from 2025 to 2026, according to the EIA's latest STEO.... Read more
Published on: 2025-12-29
Source: Rigzone RSS
China’s LNG Imports Rebound Late in the Year After a Prolonged Slump
China’s imports of liquefied natural gas are on course to end the year with a jump, Kpler has reported, reaching 7.17 million tons after another strong month in November. Citing the Kpler data, Bloomberg reported today that the December total will be modestly higher than the December 2024 total, but... Read more
Published on: 2025-12-29
Source: Oil Price RSS
BOTAS Finalizes 9-Year Deal to Buy LNG from Woodside
Australia's Woodside signed an agreement to supply Turkiye's state-owned BOTAS about 500,000 metric tons a year of LNG for nine years, mostly from the under-construction Louisiana LNG.... Read more
Published on: 2025-12-29
Source: Rigzone RSS
India Seeks $30 Billion From Reliance and BP in Long-Running Gas Dispute
The Indian government is demanding over $30 billion in compensation from Reliance Industries and BP for their failure to produce contracted gas volumes from two offshore fields, Reuters reported today, citing unnamed sources familiar with the situation. The case has been running since 2016 at an arbitration tribunal, with the... Read more
Published on: 2025-12-29
Source: Oil Price RSS
Johan Castberg, Balder Production to Take Hit from 'Operational' Issues
'Both the Johan Castberg and Balder fields are expected back at plateau production by the end of December'.... Read more
Published on: 2025-12-29
Source: Rigzone RSS
Nigeria Bets on Long-Delayed Gas Pipeline to Ignite an Industrial Boom
Nigeria’s state oil and gas company is planning to jumpstart an industrial boom in the north of the country thanks to a much-delayed gas pipeline, Reuters has reported, citing the chief executive of the Nigerian National Petroleum Company. “This is not just about energy,” Bashir Ojulari said. “It’s about industrialisation... Read more
Published on: 2025-12-29
Source: Oil Price RSS
Ukraine Claims Fresh Strike on Rosneft Refinery in Samara
Ukraine said it attacked the Syzran oil refinery in Russia's southern Samara region for the second time this month, causing a fire at the site. ... Read more
Published on: 2025-12-29
Source: Rigzone RSS

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