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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

Libya's Oil And Gas Rebound At Risk After Historic Storm
Oil-rich Libya has been fighting to get its oil industry back on track over the last decade, since the Arab Spring and subsequent political instability. Following the failed presidential elections of 2021, it finally appeared that Libya’s oil and gas industry was getting back on track. More foreign investment was... Read more
Published on: 2023-09-22
Source: Oil Price RSS
Nigeria Secures $13 Billion In Investment Pledges From Big Oil
Nigeria has secured a total of $13 billion in investment commitments in its oil and gas sector from major international energy companies, including ExxonMobil, Shell, and TotalEnergies, according to Olu Verheijen, the Special Adviser on Energy to Nigeria’s President Bola Tinubu. Verheijen and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)... Read more
Published on: 2023-09-22
Source: Oil Price RSS
USA Government Ordered to Expand Gulf of Mexico Oil Auction
The Biden administration has been ordered by a federal judge to expand its sale of Gulf of Mexico oil leases later this month.... Read more
Published on: 2023-09-22
Source: Rigzone RSS
Russia's Fuel Export Ban Pushes Oil Prices Higher
Russia's recent decision to restrict its diesel and gasoline exports has pushed oil prices higher, countering economic concerns sparked by the Fed's recent reiteration of its “higher for longer” interest rate policy.Friday, September 22nd, 2023Russia’s decision to ban fuel exports for an undetermined period boosted diesel prices again, with Europe seeing a... Read more
Published on: 2023-09-22
Source: Oil Price RSS
China Says Fossil Fuel Phase-Out Is Unrealistic
Phasing out fossil fuels is unrealistic as oil, natural gas, and coal will continue to play a crucial role in global energy supply and energy security, China’s special climate envoy Xie Zhenhua said this week in a speech obtained by Reuters. “It is unrealistic to completely phase out fossil fuel... Read more
Published on: 2023-09-22
Source: Oil Price RSS
BP, Pertamina Eye CCUS, Blue Ammonia Projects in Indonesia
BP has signed an MOU to support a study on potential gas supply and carbon dioxide injection projects in Indonesia.... Read more
Published on: 2023-09-22
Source: Rigzone RSS
Vietnam Upstream Sector Outlook Brightening
Vietnam's upstream sector outlook is brightening, according to analysts at BMI, a Fitch Solutions company.... Read more
Published on: 2023-09-22
Source: Rigzone RSS
Union Jack Acquires Interest in German Assets Through Beacon
Union Jack Oil has acquired a 3.22 percent interest in Beacon Energy.... Read more
Published on: 2023-09-22
Source: Rigzone RSS
Europe’s Natural Gas Prices Fall After Australian LNG Strikes End
The benchmark natural gas prices in Europe and the UK dropped early on Friday after Chevron and trade unions settled a labor dispute which led to the unions calling off the strikes at two large LNG export facilities in Australia. The front-month futures at the Dutch TTF hub, the benchmark... Read more
Published on: 2023-09-22
Source: Oil Price RSS
Oil Prices Set For A Weekly Loss As Higher-For-Longer Rates Trump Tight Market
Oil prices were on track to post a small weekly loss early on Friday after the Fed signaled this week that interest rates could remain higher for longer, although it skipped a rate hike at its latest meeting. In Asian trade on Friday, WTI Crude was up by 0.62% at... Read more
Published on: 2023-09-22
Source: Oil Price RSS
Analysts Examine USA Gas Inventory
Prospects for a 4+ trillion cubic foot end of October U.S. gas inventory level have faded, according to a new BofA Global Research report,... Read more
Published on: 2023-09-22
Source: Rigzone RSS
Chevron Australia, Striking Workers Agree to Terms Proposed by Tribunal
Chevron Australia and its striking workers have accepted the recommendation for employment conditions made by Australia's Fair Work Commission.... Read more
Published on: 2023-09-22
Source: Rigzone RSS

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