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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

Japan Launches $1.3 Billion Investment Scheme for Clean Power Users
Japan will provide investment subsidies of a total of $1.3 billion (210 billion Japanese yen) over five years to companies using only clean power, as the world’s fifth biggest carbon dioxide emitter looks to bolster renewable energy usage.     The funds will be available for five years beginning in the 2026... Read more
Published on: 2025-12-23
Source: Oil Price RSS
Australia to Require Up to 25 Pct of Gas Production for Local Market
Australia will require natural gas exporters to reserve as much as a quarter of new production for domestic use, in a bid to tackle high prices and a forecast shortfall on its more populated east coast.... Read more
Published on: 2025-12-23
Source: Rigzone RSS
China’s LNG Prices Slide to a Five-Year Low as Winter Demand Disappoints
Prices for liquefied natural gas in China have fallen to the lowest in five years as demand failed to live up to expectations despite winter being peak season, driven by heating demand. Citing data from a Chinese commodities pricing outlet, Bloomberg reported the wholesale price per million British thermal units... Read more
Published on: 2025-12-23
Source: Oil Price RSS
Equinor Delays Hammerfest LNG Upgrade as Costs Rise
Equinor expects the gas compression and plant electrification project to cost around $526 million more than the original investment estimate three years ago.... Read more
Published on: 2025-12-23
Source: Rigzone RSS
Tanker Seizure Threat Squeezes Venezuelan Oil Loadings
Oil loadings on tankers at Venezuelan ports have declined following the latest U.S. threat of tanker seizures, with most vessels traveling only between local ports, Reuters has reported. The Trump administration has stepped up pressure on Venezuela by going after its sanctioned tankers, seizing two and pursuing one more over... Read more
Published on: 2025-12-23
Source: Oil Price RSS
Harbour to Acquire LLOG for $3.2B
The acquisition marks the UK company's entry into the deepwater U.S. Gulf.... Read more
Published on: 2025-12-23
Source: Rigzone RSS
Equinor Suspends Work on $3 Billion Offshore Wind Farm
Norway’s Equinor said it had suspended work on the offshore wind project Empire Wind 1 following a Monday stop-work order issued by the Trump administration. The order relates to a pause on the leases of five offshore wind power projects, declared by the Department of the Interior on national security... Read more
Published on: 2025-12-23
Source: Oil Price RSS
Could Geopolitics Gatecrash The Bearish Oil Market?
Geopolitical developments have moved oil prices in both directions in recent days. Yet, the movements up or down were short-lived and smaller than they would have been if the market were tight or balanced.   But the feared oversupply is already here, manifested in the largest volume of oil in... Read more
Published on: 2025-12-22
Source: Oil Price RSS
Oil Glut Will Prompt Faster Market Rebalance
Everyone seems to be in agreement: global oil supply is greater than the demand for the fuel. The consensus stands despite the fact that some of the world’s biggest storage hubs are far from overflowing. Now, many forecast even more production coming into this oversupplied market. It would only hasten... Read more
Published on: 2025-12-22
Source: Oil Price RSS
Crude Settles Higher as US Tightens Venezuela Blockade
Oil closed higher as US actions against Venezuelan tankers heightened geopolitical risk.... Read more
Published on: 2025-12-22
Source: Rigzone RSS
Drones Hit Piers, Ships at Russia's Taman Black Sea Port
Russia said a drone attack damaged infrastructure and vessels in the Black Sea port of Taman.... Read more
Published on: 2025-12-22
Source: Rigzone RSS
North America Drops Rigs Week on Week
North America dropped 13 rigs week on week, according to Baker Hughes' latest North America rotary rig count.... Read more
Published on: 2025-12-22
Source: Rigzone RSS

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