Petroteq Energy Inc. PQEFF Archives - Page 17 of 18

WednesdayDec 20, 2017 11:20 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Subsidiary Joins Hyperledger

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced that its PetroBLOQ subsidiary has become the latest member of Hyperledger, an open source collaboration aimed at advancing cross-industry blockchain technologies. “We are excited to be part of the Hyperledger community of industry leaders and technology experts,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “As pioneers in the development of blockchain applications for the oil and gas energy, PetroBLOQ is excited to contribute to the Hyperledger collaboration.” Hosted by the…

MondayDec 18, 2017 10:53 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Updates Shareholders on “Significant Progress” at Asphalt Ridge Facility

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced that it has made significant progress at its heavy oil extraction facility located in Asphalt Ridge, Utah. Per the update, the company has received the Uintah County building permit required for the construction of the facility, and it has already completed the required foundation work. These milestones follow the company’s recent completion of an analysis of the end product of its clean oil extraction process, which indicated a high range of diesel organics…

WednesdayDec 13, 2017 10:49 am

QualityStocksNewsBreaks — Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) and First Bitcoin Capital Corp. (OTC: BITCF) PetroBLOQ Collaboration Appoints New Advisor

PetroBLOQ, LLC., a collaboration formed by oil and gas exploration company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) and First Bitcoin Capital Corp. (OTC: BITCF), this morning said it has appointed Joseph Abrams to its Board of Advisors. As co-founder of both Inter-Mix Media Inc. and The Software Toolworks Inc., Abrams brings PetroBLOQ expertise in building emerging growth technology companies. “He has built many successful emerging technology companies and creating tremendous value for investors, and we expect his contributions will be critical to PetroBLOQ as we seek to revolutionize the oil and gas industry through technology,” Petroteq Energy CEO Alex Blyumkin…

TuesdayDec 12, 2017 2:56 pm

QualityStocksNewsBreaks — Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Plans to Ease Friction in Oil and Gas Industry with Supply Chain Platform

Oil and gas exploration company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) recently announced it will be developing a new blockchain platform in collaboration with First Bitcoin Capital Corp. (OTC: BITCF). The new supply chain management platform, named Petrobloq, is under development to be used in the global oil and gas industry. A recent article discussing the potential uses of blockchain reads: “The distributed ledger aspect of the technology means that new transactions and updates are circulated to all nodes on the network simultaneously. The information in the ledger, which is more like an accounting journal rather than a ledger, is…

MondayDec 11, 2017 1:41 pm

Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Proposed Blockchain Platform May Reduce the $150B in Disputed Oil & Gas Transactions

Developing blockchain platform for oil & gas industry About 9% of crude oil transactions are disputed Distributed ledger technology may reduce transaction & resolution Costs There are few sectors as large as the oil and gas industry, which by one account reached 48.7 billion barrels of oil equivalent (“BOE”) in 2016 (http://dtn.fm/h07AW). Despite the depressed prices, revenues climbed to $1,205.6 billion in 2016. West Texas Intermediate (NYMEX WTI) which was trading at over $130 per barrel in 2008 never rose above its current price of $57.75 at any time during 2016. In such a mammoth market, the supply chains crisscrossing…

WednesdayDec 06, 2017 11:19 am

QualityStocksNewsBreaks — Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Secures Membership in American Petroleum Institute

Oil and gas exploration company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that it has joined the American Petroleum Institute (“API”), the sole national trade association representing all facets of the oil and natural gas industry including promoting global safety and influencing public policy. Regarding the strategic move, Alex Blyumkin, CEO of PQEFF stated in the news release, “We are very pleased to join the oil and gas industry leaders of API. API has led the development of operating standards for our industry, and we look forward to contributing our experience with oilfield technologies in addition to introducing…

MondayDec 04, 2017 9:24 am

QualityStocksNewsBreaks — Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Petrobloq Collaboration with First Bitcoin Capital Corp. (BITCF) Joins Enterprise Ethereum Alliance

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that PetroBLOQ, the company’s collaboration formed with First Bitcoin Capital Corp. (OTC: BITCF), has joined the Enterprise Ethereum Alliance (“EEA”), the world’s largest open-source blockchain initiative. PetroBLOQ’s novel blockchain-based oil and gas supply chain management platform is currently being co-developed by the two companies. Membership with the 200-member EEA represents a wide variety of industries and offers 14 industry-focused, member-driven working groups. “Joining this community of forward-looking enterprises and blockchain innovators is an important step for PetroBLOQ as we develop transformative solutions for the oil and gas industry,” Petroteq Energy CEO Alex…

FridayDec 01, 2017 9:27 am

QualityStocksNewsBreaks — Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Acquires Equipment for Asphalt Ridge Expansion; Board Approves Option Grant

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced the acquisition of a substantial lot of the equipment needed to expand production of its heavy oil extraction facility located at Asphalt Ridge, Utah. Petroteq purchased the equipment, worth approximately $3 million, at a reduced price of $838,000. This news follows the company’s previous announcement that it has moved equipment from its 250 bpd facility in Maeser, Utah to its lease site at Asphalt Ridge, Utah. Additionally, Petroteq’s board of directors approved an option grant of 1,425,000 stock options expiring in 10 years to certain directors at an exercise price of $2.27,…

ThursdayNov 30, 2017 10:51 am

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Taking Cheaper and Cleaner Approach toward Oil Production

Patent-pending breakthrough technology to extract oil Environmentally-friendly and cost effective process to extract heavy oil Owns and operates valuable, producing oil sands resources For over a century, oil has been the lifeblood of the world economy. Even with the advent of new power sources, oil will continue to be an indispensable resource and remain an essential commodity for decades to come. To meet unquenchable demand, the world extracts unrefined crude oil that ranges in density and consistency from thin and light weight to a thick, semi-solid heavyweight oil. Light crude oil pumped from wells commands a higher price on commodity…

ThursdayNov 30, 2017 9:52 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Posts Letter to Shareholders

Oil and gas exploration company Petroteq Energy’s (TSX.V: PQE) (OTCQX: PQEFF) president and director, Jerry Bailey, this morning released a letter to the company’s shareholders. The letter addresses the company’s strategic direction moving forward and how current efforts will deliver shareholder value. Among other highlights, Bailey explains the motive behind developing Petrobloq, the company’s blockchain technology for the energy industry. “Our organization is designed and dedicated to be flexible and innovative, while challenged to create a new opportunity. Blockchain is poised to be the biggest gamechanger for the energy industry for the next several decades. I am not a blockchain…

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