Petroteq Energy Inc. , announces that, further to its news release of January 26, 2018, the Company has closed a private placement of 870,369 common shares of the Company to six arm's length purchasers for gross proceeds of US$922,591.14 at US$1.06 per share. All of the shares issued are subject to a four month hold period from the date of issuance. The net proceeds from the financing will be used by the Company for [...]
Petroteq Energy Inc. , announces that, further to its news releases of November 8, 2017, November 23, 2017 and December 7, 2017, disclosing the receipt of subscriptions for 1,624,830 shares at US$0.27, the Company has received final approval from the TSX Venture Exchange for the issuance of 754,461 of such shares for gross proceeds of $203,704.47. The balance of the shares issued pursuant to the subscriptions received did [...]
Petroteq Energy today announced an agreement with Pemex, the Mexican state-owned petroleum company and one of the world’s top petroleum producers. With over 100,000 employees and extensive vertically integrated operations, Pemex is optimistic that it can benefit from the adoption and integration of a blockchain technology platform to efficiently manage and implement the chain of supply of oil and gas. As of December [...]
Petroteq’s technology is highly energy efficient and environmentally sustainable LOS ANGELES, California, Jan. 10, 2018 -- Petroteq Energy Inc. , is a company focused on the development of and implementation of proprietary technologies for the energy industry. Petroteq’s portfolio includes technology for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil [...]
LOS ANGELES, CA, Dec. 27, 2017 -- Petroteq Energy Inc.. , a Company focused on the development and implementation of proprietary technologies including environmentally safe extraction of heavy oils from oil shale deposits and shallow oil deposits, and blockchain technology named PetroBloq, released the following letter to Shareholders: Dear Shareholders, As 2017 comes to a close I wanted to share with you some of my [...]
LOS ANGELES, CA, Dec. 20, 2017 -- Petroteq Energy Inc.. , a company focused on the development and implementation of proprietary technologies, today announces that its subsidiary, PetroBLOQ, has become the latest member to join Hyperledger, an open source collaboration to advance cross-industry blockchain technologies. PetroBLOQ’s novel blockchain-based oil and gas supply chain management platform is being [...]
Petroteq Energy announced today that it has made significant progress at its heavy oil extraction facility located at Asphalt Ridg. The Company has received the Uintah County Building Permit required for the construction of the Facility and the Company has completed the required foundation work. The Company has previously announced that it has successfully moved the equipment from its 250 bpd facility in Maeser, Utah to [...]
Co-founder of Inter-Mix Media and The Software Toolworks Brings Expertise in Building Emerging Growth Technology Companies Los Angeles, CA, Dec. 13, 2017 -- PetroBLOQ, LLC, a collaboration formed by Petroteq Energy Inc. with First Bitcoin Capital Corp, announces that it has appointed Joseph Abrams to its Board of Advisors. Mr. Abrams co-founded Inter-Mix Media Inc., launching an entertainment destination portal with [...]
Petroteq Energy Inc. announces that Dr. R. Gerald Bailey, P.E. has been appointed to the Board of Advisors of PetroBLOQ. PetroBLOQ's is a novel blockchain-based oil and gas supply chain management platform being co-developed by the Company and First Bitcoin Capital Corp. . Dr. R. Gerald "Jerry" Bailey, an officer and director of the Company, has over 50 years of experience in the international petroleum industry with [...]
Los Angeles, California, Dec. 06, 2017 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announced today that it has joined the American Petroleum Institute . The API is the only national trade association representing all facets of the oil and [...]
PetroBLOQ today announces that it has become the latest member to join the Enterprise Ethereum Alliance, the world’s largest open-source blockchain initiative. PetroBLOQ’s novel blockchain-based oil and gas supply chain management platform is being co-developed by Petroteq Energy Inc. and First Bitcoin Capital. EEA’s membership represents a wide variety of business sectors from every region of the [...]
Petroteq Energy, a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announced today the acquisition of the equipment related to the expansion of its heavy oil extraction facility located at Asphalt Ridge, Utah. The Company is excited to announce the acquisition of a [...]
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