Petroteq Energy Inc. PQE Archives

WednesdaySep 19, 2018 11:21 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Maintains Focus on Becoming First Environmentally Friendly Oil Sands Mining Facility

U.S. Energy Information Administration estimates that about 50 percent of total U.S. crude oil production in 2017 was produced directly from tight oil or oil embedded in low-permeable shale, sandstone and carbonate rock formations Petroteq’s patented clean technology extracts heavy oil from oil sands, oil shale deposits and shallow oil deposits in environmentally safe and sustainable method Advanced technologies and efficiencies for extraction of oil and gas from liquid-rich shale credited with moving U.S. back to top of global energy sector Petroteq preparing to produce 1,000 barrels of oil per day, with 8,000 bpd target Continuity testing complete as Petroteq…

ThursdayJul 26, 2018 11:21 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Teams Up with Cavitation Technologies to Test Yield-Boosting Methods

Company to work with Cavitation Technologies to raise efficiencies in oil extraction process Collaboration aimed at decreasing Petroteq’s production costs Petroteq applies for uplisting to Nasdaq exchange Oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is partnering with a leading fluids processing company to test ways of improving oil yields in Petroteq’s oil sands extraction process. Cavitation Technologies, Inc. (OTCQB: CVAT) (“CTi”), which develops technologies used in various industries, is to work with Petroteq to analyze the efficiency of its workflow processes and ultimately decrease production costs, according to a Petroteq news release (http://ibn.fm/A4rvr). Petroteq is on the…

ThursdayJun 07, 2018 12:53 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) on the Cusp of Commercial Production

Petroteq set to begin production in weeks, reaching 1,000 barrels per day in Utah in the third quarter of this year Utah mineral lease expected to yield about 86 million barrels of oil equivalent over its lifetime Company president foresees significant profit pathway as oil costs approach $80 per barrel Oil and gas industry technology developer Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is fueling rising expectations regarding its resource potential as its oil sands extraction project in Utah continues to evolve. Petroteq announced at the beginning of the month that it is on track to initiate operations prior to…

WednesdayMay 30, 2018 11:47 am

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) President Predicts that Oil May Hit $100 per Barrel

Gerald Bailey says events in Middle East and Venezuela may push oil prices higher Two years ago, Bailey accurately predicted the start of an upward oil price trend Petroteq’s unique technology can extract oil from sand at a cost of $25 per barrel The director and president of Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) has said that oil prices could reach $80 per barrel this year and rise further up to $100 in the near future. Dr. R. Gerald Bailey was appearing in an interview with Fox Business on May 23, two years after he made another prediction of…

TuesdayMay 29, 2018 11:23 am

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) and PetroBLOQ Consortium Gaining International Traction, Expansion on Horizon

Development of blockchain-based, supply chain management platform for oil and gas industry continues under PetroBLOQ banner Key markets identified for expansion plans include Russia, Ukraine and Switzerland Russian oil production reached 30-year high of 10.98 million barrels per day in 2017, making Russian oil and gas companies ideal candidates for PetroBLOQ technology Petroteq’s patent-protected clean technology for extraction of oil from sands and shale bolsters world’s green energy goals Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), focused on the development and implementation of proprietary, environmentally-friendly heavy oil extraction technologies for the energy industry, intends to expand its footprint by opening…

FridayMay 18, 2018 1:11 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Continues to Bet on Oil with Patented Extraction Technology

Solvent mixing process extracts bitumen without creating greenhouse gases, wastes Petroteq to begin commercial production this year as it ramps up output Company’s Utah lease believed to hold 86 million barrels of extractable oil The commercial exploration and extraction of petroleum distillates to feed the world’s fuel needs has been a vital industry for some 160 years, and it shows no sign of abating “anytime soon,” according to Raymond Gerald Bailey, president of Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF), the developer of patented technologies that facilitate the environmentally friendly extraction and processing of oil. Petroteq’s proprietary extraction process uses…

FridayMay 04, 2018 11:51 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Oil Sands Technology Set to Unlock a Trillion Barrels of Oil Locked in U.S. Sand and Shale

Hydrocarbons projected to continue supplying world’s energy needs in near future U.S. oil sands & shale reserves estimated at two trillion barrels Extraction technology could play vital role in U.S. oil sands & shale industry The days when the U.S. economy depended on Middle Eastern oil are history. Now, just 17 percent of the approximately 10.1 million barrels per day (MMb/d) of petroleum imported comes from the Persian Gulf, according to the U.S. Energy Information Administration (http://ibn.fm/W27Sd). Although still a net importer, the U.S. in recent years has become a large supplier as well, exporting about 6.3 MMb/d of petroleum…

MondayApr 30, 2018 1:29 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Sets May Target Date for Commissioning of Asphalt Ridge Heavy Oil Extraction Facility

Petroteq is in the final stages of Phase 2 – 1,000 BOE/D expansion at its Asphalt Ridge facility in Utah Commissioning and start up for the Asphalt Ridge project is slated to begin in May Company’s patented heavy oil processing and extraction technologies are environmentally safe and sustainable Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is forging new roads in the oil and gas space with its patented heavy oil processing and extraction technologies. The company recently announced expansion progress at its Asphalt Ridge heavy oil extraction facility, which is located near Vernal, Utah, and which will implement the company’s…

MondayApr 23, 2018 12:50 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Disrupts Existing Oil Sands Extraction Processes with Patented Clean Oil Recovery Technology

Patented extraction technology is cleaner and more cost effective than existing processes Petroteq focusing on huge oil sands reserves in Utah Current production capacity of Utah plant is 1,000 bpd Construction of new 5,000 bpd plant in Utah scheduled to start in 2019 Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) has developed patented clean technology for the extraction of oil from sands and shale, which disrupts existing processes. Traditional extraction processes damage the environment, require substantial capital investment and leave vast tailing ponds which take years to reclaim. Petroteq’s proprietary solution is cost effective, produces no greenhouse gases, leaves no…

WednesdayApr 18, 2018 3:08 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Leverages Technology to Tap Utah’s Oil Reserves

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is tapping into Utah’s large deposits of bitumen from oil sands with its patented liquid extraction system. An article discussing this states, “Petroteq Energy Inc. has developed its patented, environmentally safe, continuous flow, closed loop technology – a first in North America and probably in the world – to extract bitumen oil from oil sands. The technology, the result of almost five years of research by Petroteq’s research and engineering teams led by Chief Technology Officer Dr. Vladimir Podlipskiy, depends on a patented solvent/surfactant. It can be effectively applied to both ‘water-wet’ deposits…

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