Pacific Coast Energy Co. Archives

Brazilian billionaires acquire stake in Petrororaima

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

The Daily Journal — Fluxus Oil, Gas & Energy, owned by Brazilian businessmen Joesley and Wesley Batista, has acquired a stake in a Venezuelan oil production project, according to a Bloomberg report. The transaction adds to a series of private agreements that have emerged following the sanctions relief promoted by the administration of U.S. President […]

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 […]