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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

China saw its oil refining output decline in May compared to the same month last year amid falling refining margins and planned seasonal maintenance, according to official Chinese data out on Monday. Refiners in China processed 14.25 million barrels per day (bpd) last month, down by 1.8% year-over-year, according to... Read more
Published on: 2024-06-17
Source: Oil Price RSS
The United States is likely 10 to 15 years behind China in deploying fourth-generation nuclear reactors at scale, as Chinese authorities are strongly backing the domestic industry with policies and financing, a new report by Washington-based research institute Information Technology & Innovation Foundation showed on Monday. China supports its domestic nuclear power... Read more
Published on: 2024-06-17
Source: Oil Price RSS
Triangle received federal approval for its application to have the Cliff Head oil field in Western Australia declared suitable to be transformed into a CCS site.... Read more
Published on: 2024-06-17
Source: Rigzone RSS
Russia became the biggest supplier of natural gas to Europe last month, for the first time since 2022, replacing the United States at the top spot. “It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through,... Read more
Published on: 2024-06-17
Source: Oil Price RSS
The Biden Administration is ready to start releasing crude from the strategic petroleum reserves should it become necessary in case of higher retail fuel prices. “We will do everything we can to make sure that the market is supplied well enough to ensure as low price as possible for American... Read more
Published on: 2024-06-17
Source: Oil Price RSS
The agreement targets 400-500 MMcfpd of gas.... Read more
Published on: 2024-06-17
Source: Rigzone RSS
Crude oil prices began trading with a loss this week as the momentum of last week’s robust demand expectations fizzled out following a U.S. consumer demand survey last Friday. The University of Michigan’s consumer sentiment index fell to 65.6 in June, from 69.1 in May as worries about inflation and... Read more
Published on: 2024-06-17
Source: Oil Price RSS
The EIB agreed to provide advisory support for the construction of two large pumped-storage hydropower plants in Bulgaria. ... Read more
Published on: 2024-06-17
Source: Rigzone RSS
India is reportedly in talks with Equinor for its participation in the country's strategic petroleum reserves, as well as for long-term LNG deals from the company's US and Qatar portfolios.... Read more
Published on: 2024-06-17
Source: Rigzone RSS
An Argentinian oil union said it will hold a 48-hour strike to demand higher salaries, potentially affecting production at the Vaca Muerta shale patch. ... Read more
Published on: 2024-06-17
Source: Rigzone RSS
Gordon is a leading provider of measurement while drilling (MWD) technology to the oil and gas industry. ... Read more
Published on: 2024-06-17
Source: Rigzone RSS
Over the past few years, Big Oil has been heavily investing in carbon capture and storage (CCS) technology, ostensibly to offset CO2 emissions from the energy commodities they produce. Environmentalists have largely dismissed these efforts as mere greenwashing, with experts warning that CCS technology is so far unproven at the... Read more
Published on: 2024-06-16
Source: Oil Price RSS

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