PetroChina, Ovintiv end joint venture, agree to split Alberta assets
Each to wind up with 13,000 barrels of oil equivalent per day and the same oil and gas reserves.
Ovintiv lays off 25% of staff as fears rise for delayed oil industry recovery
Former Encana has reduced activity to address fossil fuel demand destruction and the oil price collapse caused by the pandemic.
Encana HQ move to US an oilpatch ‘tragedy’: Cenovus CEO
Foreign companies have also taken billions of dollars with them as they left the Canadian oilpatch.