WSJ: The Tiny California Company Racing Into Venezuela Faster Than Big Oil

August 21, 2026

A California oil producer backed by European investors, Pacific Coast Energy, is among several private firms suddenly positioned to grab some of the first assets made available by Venezuela in a new era for its oil industry.

Press release: Pacific Coast Energy Company Finalizing Agreement With Petróleos de Venezuela, S.A.

July 30, 2026

Pacific Coast Energy Company, a California-based energy company with more than 30 years of heavy crude expertise, is in the process of finalizing an agreement with Petróleos de Venezuela, S.A. and the Venezuelan government that would enable the company to develop and operate oil fields.