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Exhibit 12.1

CERTIFICATION

I, Robert L. Hodgkinson, certify that:

1.     I have reviewed this annual report
on Form 20-F of DXI Energy Inc.;

2.     Based on my knowledge, this report
does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect
to the period covered by this report;

3.     Based on my knowledge, the financial
statements, and other financial information included in this report, fairly
present in all material respects the financial condition, results of operations
and cash flows of the company as of, and for, the periods presented in this
report;

4.     The companys other certifying
officer(s) and I are responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange
Act Rules 13a-15(f) and 15d-15(f)) for the company and have:

(a) Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the company, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with International Financial Reporting Standards;

(c) Evaluated the effectiveness of the companys disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the companys
internal control over financial reporting that occurred during the period
covered by the annual report that has materially affected, or is reasonably
likely to materially affect, the companys internal control over financial
reporting; and

5.     The companys other certifying
officer(s) and I have disclosed, based on our most recent evaluation of internal
control over financial reporting, to the companys auditors and the audit
committee of the companys board of directors (or persons performing the
equivalent functions):

(a) All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the companys ability to record, process,
summarize and report financial information; and

(b) Any fraud, whether or not material, that involves
management or other employees who have a significant role in the companys
internal control over financial reporting.

|Date: April 20, 2017 | /s/ Robert L. Hodgkinson            
|-------------------- | ------------------------------------
|                     | Robert L. Hodgkinson                
|                     | Chairman and Chief Executive Officer
|                     | Principal Executive Officer         

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