News Regions Hardcopy Market Data Careers Web- tv Events Subscribe Focus About Upstream Advertise

Flag day: for EnCana

EnCana names oil sands spin-off

EnCana is set to name its oil sands and refining division - due to be spun off from the company early next year - Cenovus Energy, it said today.

EnCana earlier this year said it would split its business into a natural-gas producer, which will keep the EnCana name, and the newly dubbed Cenovus.

Cenovus will control the company's northern Alberta oil sands production and refining joint venture with ConocoPhillips, which includes refineries in Illinois and Texas. Those operations account for about a third of EnCana's business.

Until this morning, the spin-off had been known as IOCo and now the company is putting a lot of weight on the newly minted name.

"Cenovus is the newest name in the North American energy business," Brian Ferguson, EnCana's chief financial officer and the designated chief executive of Cenovus, said in a statement.

"The name Cenovus successfully captures the essence of what we want our North American integrated oil company to be - a strong enterprise with a sustainable, innovative and bright future."

The company said it is still working on a logo and brand for Cenovus, which is a mash up of "century" and the Latin word for new, "novus"..

EnCana's split is expected to be wrapped up early next year following a shareholder vote, likely in December.

e-mail this to a friend

e-mail this to a friend

FREE Daily newsletter print
most popular
search
subscriber login
recruitment

Senior Level Exploration Staff

Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...

Petro Staff

Contracts Engineer ( Drilling and Construction)

Incumbent will have high involvement with other divisions, vendors and other customers to ensure compliance with standards and regulations. Changes to services, procedures...

Sheffield Offshore

Senior Level Exploration Staff

Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...

Petro Staff

Instrumentation & Control Engineer

OMV Exploration & Production

Operations Readiness Coordinator (f/m)

OMV Exploration & Production

HSE Specialists (Drilling)

Sheffield Offshore

Operations Manager

Roc Oil Company

Lead Planning Engineer

Mentor IMC Group

Technical Manager

Sheffield Offshore

Senior Cost Engineer

Mentor IMC Group

Lead Process Engineer

Sheffield Offshore

Production Technologist

Roc Oil Company

Drilling Contracts Engineer

Sheffield Offshore

Schedule Engineer

Orion Group

Drilling Completions Engineer

Sheffield Offshore

click here for all positions
news from other nhst publications