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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

At one point during a grueling 110-day tour in the obliterated frontline Ukrainian city of Toretsk, Dmytro, a soldier with Ukraine’s 100th Separate Mechanized Brigade, listened in to the radio traffic among Russian soldiers. “We repeatedly heard commanders’ orders to the stormtroopers: ‘Don’t take anyone alive’,” he said in an... Read more
Published on: 2025-07-05
Source: Oil Price RSS
For decades, researchers have been assessing the potential to develop nuclear fusion reactors, capable of producing abundant clean energy. However, despite several breakthroughs in recent years, most scientists agree that we are far from achieving the commercial rollout of this technology. Nevertheless, the barrier has not stopped widespread investment in... Read more
Published on: 2025-07-05
Source: Oil Price RSS
Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE and OCP, halted flows due to worsening erosion in the Amazonian province of Napo. The company suspended activities this week to prevent further damage to critical infrastructure as erosion along the Coca... Read more
Published on: 2025-07-05
Source: Oil Price RSS
OPEC+ will ramp up oil production more aggressively than anticipated in August, accelerating the rollback of its 2023 voluntary supply cuts in a bid to capture market share amid peak summer demand. At a virtual meeting Saturday, eight core members led by Saudi Arabia agreed to add 548,000 barrels per... Read more
Published on: 2025-07-05
Source: Oil Price RSS
'After pursuing all options to restore communications, we learned this morning that the satellite has lost power'.... Read more
Published on: 2025-07-05
Source: Rigzone RSS
In late June the Energy Institute (EI) released the 2025 Statistical Review of World Energy, which was published previously for more than 70 years by BP. Here is the link to the full 2025 Statistical Review of World Energy. The Review confirmed that a troubling trend continues. Despite historic investments... Read more
Published on: 2025-07-04
Source: Oil Price RSS
Previous hikes were announced in March and April.... Read more
Published on: 2025-07-04
Source: Rigzone RSS
Donald Trump has launched a fresh attack on Elon Musk, declaring that Doge, Musk’s cost-cutting body, is “the monster” that “that might have to go back and eat Elon”. On Truth Social on Monday, he continued: “Elon may get more subsidy than any human being in history, by far, and... Read more
Published on: 2025-07-04
Source: Oil Price RSS
The Organization of the Petroleum Exporting Countries has roiled markets in recent months by speeding up the return of halted output.... Read more
Published on: 2025-07-04
Source: Rigzone RSS
A new analysis piece published on the EIA website recently has outlined how U.S. energy use has changed since the Declaration of Independence was signed in 1776.... Read more
Published on: 2025-07-04
Source: Rigzone RSS
Ocean Installer said it will execute subsea umbilicals, risers, and flowlines (SURF) activities including the fabrication and installation of flexible flowlines and umbilicals.... Read more
Published on: 2025-07-04
Source: Rigzone RSS
The five-year agreement is set to begin in the third quarter.... Read more
Published on: 2025-07-04
Source: Rigzone RSS

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