[1] 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.

[6] In 2011, César Batiz of Venezuelan newspaper Ultimas Noticias published an investigative series alleging overbilling and odd transactions between BARIVEN and Derwick Associates.

[13] In a separate legal action, Thor Leonardo Halvorssen Mendoza, a human rights lawyer, alleged defamation and sued Derwick and its partners.

[15][16] In August 2014, it was reported in The Wall Street Journal that Derwick was under preliminary investigations by the United States Department of Justice and Manhattan prosecutors due to bribery allegations and possible banking infractions.

[1] Federal prosecutors are investigating the two companies for potential breaches of the Foreign Corrupt Practices Act, "which prohibits offering foreign government officials improper payments in exchange for a business advantage", with prosecutors suspicious of the potentially inflated prices used by Derwick and ProEnergy Services for the Venezuelan government that possibly showed raised prices to cover acts of bribery.

[19] When the largest blackout in Venezuela's history occurred in March 2019, The Wall Street Journal wrote that "Venezuela's power grid slowly has decayed over the past decade due to what economists and former officials say is mismanagement, corruption and Latin America's deepest economic crisis on record, leading the government to virtually abandon public investment.