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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

OPEC has signaled it would not change its production policy despite calls from the U.S. president to bring more oil to market. “We read the market. We analyze the supply, demand, away from political considerations, purely on technical, sound technical considerations, and we take the decisions that provide stability in... Read more
Published on: 2025-02-12
Source: Oil Price RSS
Friends of the Earth Netherlands is asking the country's highest court to impose a specific emission reduction target on the oil giant.... Read more
Published on: 2025-02-12
Source: Rigzone RSS
Germany’s Deutsche ReGas, the LNG import terminal firm, has canceled a floating storage regasification unit used for a year, saying it was losing money on the investment, the Maritime Executive reported. The facility in question is a floating regasification unit named Energos Power with a capacity of 174,000 cubic meters... Read more
Published on: 2025-02-12
Source: Oil Price RSS
Dutch climate activists have taken a case aiming to force supermajor Shell to significantly reduce its oil and gas output to curb emissions to the Supreme Court after the company won an appeal on the original ruling. “Judges have already confirmed that Shell is responsible for reducing emissions and to... Read more
Published on: 2025-02-12
Source: Oil Price RSS
Platinum membership provides Aramco the opportunity to have representation on the technology standards organization's governing board. ... Read more
Published on: 2025-02-12
Source: Rigzone RSS
'A price cap does not decrease the global market price of energy, but may create upward price pressure and increased price volatility in Europe'.... Read more
Published on: 2025-02-12
Source: Rigzone RSS
China is looking to modernize its renewable energy sector by leaving the prices of clean energy to the whims of the markets rather than being dictated by the government. China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have issued a notice about deepening the “market-oriented... Read more
Published on: 2025-02-11
Source: Oil Price RSS
Iran called on all members of the OPEC oil cartel last week to take united action against the U.S.’s ramping up of sanctions on the Islamic Republic. The statement from its President Masoud Pezeshkian followed Donald Trump’s instruction to his key cabinet colleagues to increase sanctions on Iran to reduce... Read more
Published on: 2025-02-11
Source: Oil Price RSS
Malaysia’s state energy major Petronas needs to slash thousands of jobs to survive beyond 2035. The striking message came from the company’s new chief executive, who called it “right-sizing.” “The rationale to do this is to ensure the survival of Petronas in the coming decades. If we don't do it... Read more
Published on: 2025-02-11
Source: Oil Price RSS
Oil prices rose as US sanctions disrupted Russian crude exports, but long-term oversupply concerns remain.... Read more
Published on: 2025-02-11
Source: Rigzone RSS
Zelenskiy has suggested willingness to an agreement securing more U.S. backing in exchange for some of Ukraine's rare earths and other minerals.... Read more
Published on: 2025-02-11
Source: Rigzone RSS
'The front month prices surpassed $4.0 per MMBtu on January 15, levels last seen in early 2023', analysts at BMI highlighted.... Read more
Published on: 2025-02-11
Source: Rigzone RSS

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