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 received a Notice of Allowance from the United States Patent and Trademark Office for U.S. Patent Application 13/627,518, “Oil From Oil Sands Extraction Process” and … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Receives Notices of Allowance from US and Canadian Patent Offices”
Blockchain technology has the potential to transform supply chain management Complex commodity exchanges are traditionally fraught with disputes, driving up costs Exclusive blockchain platform for oil and gas industry under development Adoption of technology seen as necessary by majority of oil and gas executives Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is a Canadian-registered, publicly … Continue reading “Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Readying Blockchain Platform for Use in Oil and Gas Industry”
Company offers game-changing, environmentally-friendly proprietary heavy oil processing and extraction technology Company’s proprietary process produces no greenhouse gas or waste, doesn’t require high temperatures and reduces the production cost per barrel Partnered with First Bitcoin Capital to develop and operate PetroBLOQ, the world’s first blockchain-based platform exclusively serving supply chain-related needs within the oil and … Continue reading “Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Applies Blockchain Technology to Help Solve Oil and Gas Supply Chain Issues”
Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) has teamed with First Bitcoin Capital Corp. (OTC: BITCF) to develop an enterprise service that will draw on the emerging promise of blockchain technology in reducing the transaction expenses related to doing business in the oil and gas exploration industry. Petroteq announced on Dec. 4 that it was joining … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Moves to Cut Oil Trade Costs with Blockchain Service”
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 the release of a year-end letter to shareholders from chairman and CEO Aleksandr Blyumkin. In the letter, Blyumkin gives a brief history of Petroteq, detailing its evolution from … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) CEO Releases Letter to Shareholders”
Developing blockchain platform for oil and gas industry Distributed ledger technology to reduce transaction costs Now a member of Enterprise Ethereum Alliance Blockchain deployment is still new, with a world of opportunities for application. Cloud providers are already moving to offer it as an enterprise service (http://nnw.fm/TJu1f). Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is … Continue reading “Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Blockchain Logistics Platform to Reduce Operating Costs in Oil and Gas”
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 … Continue reading “NetworkNewsBreaks – 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 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 … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Updates Shareholders on “Significant Progress” at Asphalt Ridge Facility”
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 … Continue reading “NetworkNewsBreaks — Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) and First Bitcoin Capital Corp. (OTC: BITCF) PetroBLOQ Collaboration Appoints New Advisor”
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 … Continue reading “NetworkNewsBreaks — Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Plans to Ease Friction in Oil and Gas Industry with Supply Chain Platform”
