Petroteq Energy Inc. PQEFF Archives - Page 15 of 18

WednesdayFeb 28, 2018 4:41 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Introduces Blockchain Innovation to Reduce Oil & Gas Industry Transaction Costs

Petroteq launched its PetroBLOQ blockchain platform – a pioneering development in the oil and gas industry Mexico’s Pemex has already become the first PetroBLOQ member The blockchain market is set to experience colossal growth in all industries over the next six years Blockchain technology has a wide range of applications across different industries, and Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a leading developer and provider of proprietary technology for the energy industry, has just demonstrated one more. The company’s innovative PetroBLOQ blockchain platform is a pioneer development in the oil and gas industry, aiming to take the shared economy…

TuesdayFeb 27, 2018 12:14 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Details Corporate Communications Strategy

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced its engagement of multiple strategic media and marketing partners. Notably, the company is now working with financial news and content distribution company NetworkNewsWire, as well as leading Canadian financial portal Stockhouse, in an effort to develop deeper industry and investor awareness. Petroteq has also agreed to collaborate with Recruiter.com, a leading online global recruiting service provider. “It is critical for Petroteq to expand our audience of investors, as we continue to make significant progress with…

ThursdayFeb 22, 2018 12:02 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Completes Asphalt Ridge Utah Plant Improvements

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it has completed improvements to its Asphalt Ridge Utah plant that will expand its capacity to 1,000 barrels per day. “The reassembly of the plant at the new location reduces our costs going forward compared to the prior location,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “The new location, along with the addition of the new motor control center and new pumps to move our proprietary environmentally safe solvent and oil…

WednesdayFeb 21, 2018 12:16 pm

Petroteq Energy’s (TSX.V: PQE) (OTCQX: PQEFF) Blockchain Platform Taking Sharing Economy to Oil & Gas Industry

Blockchain technology may find widespread application in oil and gas industry Replacing intermediaries with blockchain technology Reducing transaction costs in oil and gas Although most closely associated with bitcoin and cryptocurrencies, blockchain technology is finding its way into a wide range of industries and applications. Under development in fields as diverse as stock trading, land title registration, smart contracts, the sharing economy and supply chain logistics, the technology’s disruptive potential is being compared to that of the internet itself. As an example of the seismic shifts it may precipitate, a Forbes feature speculates on the reasons ‘Why Blockchain Could Kill…

TuesdayFeb 13, 2018 1:38 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Planning to Accept Cryptocurrency Payments for Oil Products and Equity

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it is developing the ability to accept cryptocurrency for both the sale of its oil products and equity. “In January CNBC ran a piece on how more and more high-end real estate transactions are being handled using cryptocurrency. This is because cryptocurrency and blockchain technologies possess some of the same features ESCROW accounts are used for to assure that funds and assets transfer smoothly and fairly,” Alex Blyumkin, CEO of Petroteq, stated in the…

ThursdayFeb 08, 2018 1:50 pm

Blockchain Technology Projected to Play a Disruptive Role in Oil and Gas Sector

PetroBLOQ promises to play vital role in improving efficiency, transparency and security of oil and gas sector Increases in oil shale production, rising Brent prices fueled by rising demands worldwide Complex transactions, supply chain management issues cement need for PetroBLOQ’s disruptive technology Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, is uniquely positioned to develop a disruptive blockchain technology platform for the oil and gas industry through its subsidiary, PetroBLOQ. In a recent letter to shareholders (http://ibn.fm/r4LtG), Jerry Bailey, director and president of Petroteq, said blockchain…

WednesdayFeb 07, 2018 11:51 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Reports Significant Progress of Heavy Oil Extraction and Processing Facility Assembly

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced significant progress in the assembly of its heavy oil extraction and processing facility in Asphalt Ridge, Utah. Per the update, many aspects of the rebuilding project are currently ahead of schedule. Notably, Petroteq has completed reassembly of the metal support structure for the extraction equipment; installed the extraction equipment, including augurs, the first mix tank and the motor control center; installed the first two oil storage tanks as part of the planned 4,000 barrel storage…

MondayFeb 05, 2018 11:42 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Receives $2.5M From Deloro

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning announced that it has received $2.5 million from Deloro Energy LLC, which is equal to the first tranche of the financing anticipated in the previously announced memorandum of understanding (“MOU”) with Deloro. Per the terms of the MOU, upon receipt of the entire first tranche, Deloro shall receive an economic royalty of 25% of the net profits of the company’s heavy oil extraction facility at Asphalt Ridge, Utah, from the date that the facility is operational. The MOU specifies that at least $2,000,000 of the first tranche shall be used toward the…

WednesdayJan 31, 2018 11:22 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Approved to Serve as Official Government Contractor in Utah

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it has received approval from the State of Utah to serve as an official government contractor for the planning, design and procurement of infrastructure projects. The milestone is expected to enable Petroteq to participate in local and government infrastructure activities by providing bitumen for roadway projects. “Given the timing of President Trump’s State of the Union address, which emphasized infrastructure spending, specifically on roads and bridges, we feel this is a fortuitous timing for…

TuesdayJan 30, 2018 12:30 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Devoted to Improving Transparency, Productivity through Blockchain-based Platform

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, remains devoted to delivering increased transparency while providing users with improved productivity and lower costs. The company intends to meet these standards by utilizing its blockchain-based platform along the way. A recent article highlighting the company reads: “Transparency is at the heart of all that Petroteq does. The company is dedicated to implementing the same standards it has in producing clean energy to the development of this new blockchain platform. In addition to being committed to the preservation…

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