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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

U.S. is Facing a Major Energy Crunch Due to AI's Insatiable Demand
To date, the runaway growth of the Artificial Intelligence agency has proven itself to be all but ungovernable. As the technology has taken over the tech sector like wildfire, regulators have been largely impotent to stay ahead of its spread and evolution. Questions about the reach and responsibility of Artificial... Read more
Published on: 2024-07-26
Source: Oil Price RSS
What Are America’s Cheapest Energy Sources?
In the evolving global energy landscape, renewable sources are becoming increasingly cost effective. Even without subsidies, renewables are often the cheapest option available. This chart, created by Visual Capitalist's Selin Oguz and Ryan Bellafontaine, in partnership with the National Public Utilities Council, shows which electricity sources are the most and... Read more
Published on: 2024-07-26
Source: Oil Price RSS
Rainfall to Alleviate Wildfire That Blazed Canada Rockies
Rainfall is expected to bring some relief to a fast-moving wildfire that ripped through the Rocky Mountain resort town of Jasper.... Read more
Published on: 2024-07-26
Source: Rigzone RSS
Oil Posts Biggest Weekly Drop Since Early May
Oil dipped as algorithmic traders took advantage of market uncertainty, while traders weighed Chinese demand against falling US stockpiles.... Read more
Published on: 2024-07-26
Source: Rigzone RSS
EU Leverages Frozen Russian Assets for €1.5 Billion Aid Package to Ukraine
European Commission President Ursula von der Leyen has announced that the European Union will send Ukraine 1.5 billion euros ($1.63 billion) that represent revenues from Russian assets frozen by the 27-member bloc. "Today we transfer 1.5 billion in proceeds from immobilized Russian assets to the defense and reconstruction of Ukraine,"... Read more
Published on: 2024-07-26
Source: Oil Price RSS
Nigeria's Dangote Refinery Reselling Imported Crude Oil
Nigeria's largest refinery, the Dangote Petroleum Refinery, is reselling crude oil cargoes from both the United States and Nigeria. Reuters sources indicate that this move, unusual for refineries, stems from technical challenges at the plant. The refinery, which began production in January 2024, aims to be the largest in Africa... Read more
Published on: 2024-07-26
Source: Oil Price RSS
Oil Rig Count Jumps as Drilling Activity Picks Up
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count rose by 3 to 589 this week, compared to 664 rigs this same time last year. The number... Read more
Published on: 2024-07-26
Source: Oil Price RSS
Oil Prices Sink in Run-Up to OPEC Meet
Oil prices slumped on Friday, with Brent crude falling 1.57% in afternoon trading as the oil demand outlook out of China continues to weigh on market sentiment. Oil prices are set to finish out a loss for the week, a weak starting point for OPEC as they prepare for their... Read more
Published on: 2024-07-26
Source: Oil Price RSS
Henry Hub Prices Crash Back Toward $2
Henry Hub natural gas prices have crashed back toward $2 on storage concerns, BofA analysts noted in a BofA Global Research report sent to Rigzone.... Read more
Published on: 2024-07-26
Source: Rigzone RSS
Republican States Ask US Supreme Court to Save Fossil Fuel Power Plants
Twenty-five Republican attorneys-general lodged a joint plea before the Supreme Court for an emergency stay of new power emission rules that they fear may shut down generation plants running on fossil fuels.... Read more
Published on: 2024-07-26
Source: Rigzone RSS
Petronas, Eni, Japanese Biotech Firm to Build Biorefinery in Malaysia
The biorefinery will have the capability to produce sustainable aviation fuel (SAF) and other biofuels such as renewable diesel / hydrogenated vegetable oil (HVO).... Read more
Published on: 2024-07-26
Source: Rigzone RSS
Wall Street Says a Trump Presidency Could Send Oil Prices Lower
A U.S. election victory for former president Donald Trump could send oil prices lower, according to some prominent Wall Street banks.... Read more
Published on: 2024-07-26
Source: Rigzone RSS

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