Pacific Coast Energy Company Archives

Pacific Coast Energy plans $3.5 billion investment to boost heavy crude production in Venezuela

October 9, 2026October 9, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— U.S.-based Pacific Coast Energy Company (PCEC) plans to invest $3.5 billion over the life of its contracts with Petróleos de Venezuela (PDVSA) to reactivate and develop oil fields in the Delta and Cabimas blocks, the company said. PCEC, a California-based company specializing in heavy crude production, took over operations at the fields […]

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 […]