Thursday, November 28, 2024

PETROTEQ DOWNSCALES PRODUCTION CITING MARKET CONDITIONS

SHERMAN OAKS, Calif., March 27, 2020 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) ‎‎(TSXV:PQE; ‎OTC:PQEFF; FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, announces it is ‎reducing production staffing to a single shift daily because of market conditions.

Calfrac -oilandgas360

Calfrac announces reductions to its 2020 capital program and reduced operating footprint

CALGARY, March 27, 2020 /CNW/ – Calfrac Well Services Ltd. (“Calfrac” or the “Company”) (TSX-CFW) is announcing reductions to its 2020 capital program and North American operating footprint as a result of the rapid and unforeseen deterioration in business conditions resulting from the COVID-19 global pandemic and the oil price war among OPEC+ members. These global events have caused a significant decline in oil