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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

Developers of hydrogen projects and industry associations are seeking expanded tax credits under the Inflation Reduction Act, saying in hearings this week that the rules on clean energy for hydrogen production need to be loosened to allow the industry to take off. At the end of last year, the U.S.... Read more
Published on: 2024-03-28
Source: Oil Price RSS
The recent rally in oil prices is pushing the benchmarks towards a quarter of gains thanks to the OPEC+ output cuts. WTI, according to Bloomberg, has added 14% since the start of the year, topping $82 per barrel earlier this week. Brent crude has gone from around $78 per barrel at... Read more
Published on: 2024-03-28
Source: Oil Price RSS
The NSTA said the plan 'places electrification and low carbon power at the heart of emissions reduction'.... Read more
Published on: 2024-03-28
Source: Rigzone RSS
Canadian oil shipments to Los Angeles hit the highest in four years this month ahead of the formal launch of the expanded Trans Mountain pipeline that is expected to boost export volumes further. According to Vortexa data cited by Bloomberg, three tankers carrying a combined 1.74 million barrels departed from the... Read more
Published on: 2024-03-28
Source: Oil Price RSS
PetroChina reported $20.6 billion in net income for 2023, up 8.3 percent compared to 2022 as growth in both upstream and downstream output offset weaker oil prices.... Read more
Published on: 2024-03-28
Source: Rigzone RSS
'There are many, many companies looking for renewable power here in Japan'.... Read more
Published on: 2024-03-28
Source: Rigzone RSS
The latest crude oil purchase that the Department of Energy made as part of refill plans for the strategic petroleum reserve cost an average of over $81 per barrel, exceeding the $79 ceiling set by the federal government. Per an Argus report, the DoE declined to comment on why it had... Read more
Published on: 2024-03-28
Source: Oil Price RSS
McDermott said it has fully resolved the Reficar arbitration case and concluded interrelated Dutch and British legal processes.... Read more
Published on: 2024-03-28
Source: Rigzone RSS
Falcon Oil & Gas hit above commercial IP60 flow rate of 3.0 MMcfpd at the SS-1H well in EP117. ... Read more
Published on: 2024-03-28
Source: Rigzone RSS
The AI boom and Big Tech might be hogging all the media limelight right now, but the smart money is quietly piling into energy stocks. Indeed, the energy sector is the most crowded of all 11 U.S. market sectors, with the sector’s favorite benchmark, Energy Select Sector SPDR Fund (NYSEARCA:XLE) up 10.7%... Read more
Published on: 2024-03-27
Source: Oil Price RSS
Nineteen new cooperation agreements in the areas of oil gas, infrastructure, and finance have been signed in recent days between Iran and Russia, a senior source who works closely with Iran’s Petroleum Ministry told OilPrice.com last week. These build upon the key enhanced cooperation themes laid out in the new 20-year comprehensive cooperation... Read more
Published on: 2024-03-27
Source: Oil Price RSS
Oil lost more of the ground it had gained early this week as US crude and gasoline inventories increased, undercutting expectations for tightening supplies.... Read more
Published on: 2024-03-27
Source: Rigzone RSS

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