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Derwick Associates
Derwick is a Venezuelan energy company specializing in the construction of turn-key power plant projects. According to ''The Wall Street Journal'', Derwick Associates "was awarded hundreds of millions of dollars in contracts in little more than a year to build power plants in Venezuela shortly after the country's power grid began to sputter in 2009". History and clients Derwick's first project was the Engineering Procurement and Construction (EPC) of Picure Power Plant in Vargas state for 156 MW, awarded by the state-owned Electricidad de Caracas in 2009. It was followed by 11 more contracts from the Venezuelan government through PDVSA, CVG and Corpoelec during the 2009–2010 energy crisis in Venezuela. Four contracts were awarded by state-owned Electricidad de Caracas (part of Corpoelec since 2007), five by state-owned Petróleos de Venezuela SA (PDVSA, with the contract negotiated by Bariven, a division of PDVSA), and one by state-owned Venezuelan Guayana Corporation (CVG). ...
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Alejandro Betancourt López
Leopoldo Alejandro Betancourt López (born 1980) is a Venezuelan businessman who is Chairman and CEO of Derwick Associates, an engineering, procurement and construction company. He is the leader of the international investment group O'Hara Administration, and a director of Pacific Exploration & Production, Pacific Exploration & Production Corporation, a publicly held Canada, Canadian company and a leading explorer and producer of natural gas and crude oil which operates in various Latin American countries. Betancourt controls 19.95% of Pacific Exploration & Production. He is also president of Hawkers (sunglasses), Hawkers, a Spanish sunglasses company. Personal life and early career Education Betancourt has a double major in Economics and Business Administration from the Suffolk University of Massachusetts, United States. Early career Betancourt started his career at a company specializing in the energy sector and in the exploration, production and trade of oil and its derivat ...
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Law360
Law360 is a subscription-based, legal news service based in New York City. It is operated by Portfolio Media, Inc., a subsidiary of LexisNexisSabroski, Suzxanne (May 1, 2012) LexisNexis goes 360, ''Onliline'' and delivers breaking news and analysis to more than 2 million U.S. legal professionals across 60 practice areas, industries and topics, including a free section dedicated to Access to Justice, which reports on "access of individuals and disadvantaged populations to adequate, equitable, and essential criminal and civil justice systems as well as the noteworthy initiatives and individuals who promote such a cause." Since 2003, Law360 has expanded its layout and organization, adding special sections on various topics supplementing the daily news, editorial analysis, business of law, and features. Since 2022, Law360 has been organized into the following sections: Law360 U.S., Law360 U.K., Law360 Pulse, Law360 Tax Authority, Law360 Employment Authority, Law360 Insurance Authority ...
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Corruption In Venezuela
The level of corruption in Venezuela is very high by world standards and is prevalent throughout many levels of Venezuelan society. Discovery of oil in Venezuela in the early 20th century has worsened political corruption. The large amount of corruption and mismanagement in the country has resulted in severe economic difficulties, part of the crisis in Bolivarian Venezuela. According to Transparency International's 2021 Corruption Perception Index, Venezuela scored a 14 on a scale from 0 ("highly corrupt") to 100 ("highly clean"). When ranked by score, Venezuela ranks number 177 among the 180 countries in the Index, where the country ranked number 1 is perceived to have the most honest public sector. A 2014 Gallup poll found that 75% of Venezuelans believed that corruption was widespread throughout the Venezuelan government. Discontent with corruption was cited by opposition-aligned groups as one of the reasons for the 2014 and 2017 Venezuelan protests. History The history of ...
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Energy Companies Established In 2003
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass wh ...
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Construction And Civil Engineering Companies Of Venezuela
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The con ...
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Energy Companies Of Venezuela
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that ...
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2019 Venezuelan Blackouts
Nationwide recurring electrical blackouts in Venezuela began in March 2019. Experts and state-run Corpoelec (Corporación Eléctrica Nacional) sources attribute the electricity shortages to lack of maintenance and to a lack of technical expertise in the country resulting from a brain drain; Nicolás Maduro's administration attributes them to sabotage. Since March, various nationwide blackouts occurred in the country. The first widespread blackout began on 7 March 2019 at 4:56 pm local time (GMT-4); it lasted through 14 March, when power was restored to much of the country. It was the largest power outage in the country's history, and affected the electricity sector in Venezuela in most of its 23 states, as well as Roraima border state of Brazil, causing serious problems in hospitals and clinics, industry, transport and in water service. At least 43 deaths resulted. On 12 March, power returned to some parts of the country, but Caracas remained only partially powered and ...
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Federal Administration Of Switzerland
The federal administration of Switzerland (german: Bundesverwaltung, french: Administration fédérale, it, Amministrazione federale, rm, Administraziun federala) is the ensemble of agencies that constitute, together with the Swiss Federal Council, the executive branch of the Swiss federal authorities. The administration is charged with executing federal law and preparing draft laws and policy for the Federal Council and the Federal Assembly. The administration consists of seven federal departments and the Federal Chancellery. The departments are roughly equivalent to the ministries of other states, but their scope is generally broader. Each department consists of several federal offices, which are headed by a director, and of other agencies. The much smaller Federal Chancellery, headed by the Federal Chancellor, operates as an eighth department in most respects. Federal Council The administration in its entirety is directed by the Swiss Federal Council, and the Fede ...
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Preet Bharara
Preetinder Singh Bharara (; born October 13, 1968) is an Indian-born American lawyer, author, podcaster and former federal prosecutor who served as the United States Attorney for the Southern District of New York from 2009 to 2017. He is currently a partner at the law firm Wilmer Cutler Pickering Hale and Dorr. He served as an Assistant U.S. Attorney for five years prior to leading the Southern District. According to ''The New York Times'', Bharara was one of the "nation's most aggressive and outspoken prosecutors of public corruption and Wall Street crime" during his tenure.Benjamin Weiser & William K. RashbaumWith Preet Bharara’s Dismissal, Storied Office Loses Its Top Fighter ''The New York Times'' (March 10, 2017). Born in Firozpur, India, his family immigrated to New Jersey in 1970. Bharara graduated from Harvard College in 1990 and attended Columbia Law School before joining Gibson, Dunn & Crutcher as a litigation associate in 1993. Three years later he moved to Sheref ...
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Foreign Corrupt Practices Act
The Foreign Corrupt Practices Act of 1977 (FCPA) (, ''et seq.'') is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests. The FCPA is applicable worldwide and extends specifically to publicly traded companies and their personnel, including officers, directors, employees, shareholders, and agents. Following amendments made in 1998, the Act also applies to foreign firms and persons who, either directly or through intermediaries, help facilitate or carry out corrupt payments in U.S. territory. Pursuant to its anti-bribery purpose, the FCPA amends the Securities Exchange Act of 1934 to require all companies with securities listed in the U.S. to meet certain accounting provisions, such as ensuring accurate and transparent financial records and maintaining internal accounting controls. The FCPA is jointly enforced by the Department of Justice (DOJ) and the Securities and Exchange Commis ...
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ProEnergy Services
ProEnergy Services is an American, Missouri based energy company that provides third party services for energy and manufacturing firms, including construction, management, operations, maintenance, and repair services for energy generation facilities, and equipment in several industries. ProEnergy offers over 200 energy and industrial related services with clients in forty nations around the world, including Paul, Argentina, Venezuela, Brazil, Panama, Pakistan and Angola. History ProEnergy was founded in 2002 and currently employs about a thousand employees in its three US locations: Sedalia, Missouri, Houston, Texas, and Fort Collins, Colorado. In addition it has numerous employees in its international locations, including Venezuela, Argentina, Panama, Pakistan, Brazil, Angola, and Canada. Investigation ProEnergy was under investigation by the US Department of Justice and Manhattan District authorities for its involvement in developing plants with Derwick Associates in Ve ...
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United States Department Of Justice
The United States Department of Justice (DOJ), also known as the Justice Department, is a United States federal executive departments, federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United States. It is equivalent to the Justice ministry, justice or Interior ministry, interior ministries of other countries. The department is headed by the United States Attorney General, U.S. attorney general, who reports directly to the president of the United States and is a member of the president's United States Cabinet, Cabinet. The current attorney general is Merrick Garland, who was sworn in on March 11, 2021. The modern incarnation of the Justice Department was formed in 1870 during the Ulysses S. Grant administration, Ulysses S. Grant presidency. The department comprises Federal law enforcement in the United States, federal law enforcement agencies, including the Federal Bureau of Investigation ...
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