Oswaldo Cisneros Archives - The Daily Journal

Cisneros Organization distances itself from Petrodelta claim and clarifies that three independent groups operate under the Cisneros name

August 27, 2026August 27, 2026Tatiana Da GamaLeave a Comment

The company clarified that it has no ties to the lawsuit filed by Oswaldo Cisneros’ successors The Daily Journal.- Cisneros Organization (OC) formally distanced itself from the lawsuit that Oswaldo Cisneros’ estate filed against the Venezuelan state over the reversal of the Petrodelta oil concession, a claim totaling US$2 billion. Through a dossier sent to […]

DP Delta claims US$2 billion from PDVSA over Petrodelta

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

Julio A. López, Editor-in-Chief. – The dispute over control of Petrodelta, the joint venture that operates six oil fields in eastern Venezuela, escalated this week. DP Delta Finance B.V., the private partner whose 40% stake the Ministry of Petroleum revoked in May, publicly stepped up its claim and alleged that it had been stripped of […]

California oil company nears deal to develop Petrodelta

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

Bloomberg — Pacific Coast Energy Co. (PCEC), a small California-based oil producer, is close to securing an agreement to develop Venezuelan oil fields as the U.S.-backed government in Caracas pushes prospective partners to sign contracts before the end of July. PCEC is one of several companies negotiating joint ventures and production-sharing agreements with Petróleos de […]