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COMPANY NEWS: EnCana plans split into separate oil, gas companies

05/19/2008
The board of Canadian oil and natural gas company EnCana Corp. has approved a proposal to split along distinct business lines—oil and gas—to create two Calgary-based energy firms.In other recent company news: In what could be the biggest takeover in Australian resources history, UK-based BG Group has made a $13 billion (Aus.) bid for major oil, gas, and electric power group Origin Energy Ltd., Sydney. Perth-based Arc Energy Ltd. is to merge with Australian Worldwide Exploration, Sydney, to form an entity with a market capitalization exceeding $2 billion (Aus). The new company will have a portfolio of interests on and offshore holding proved and probable reserves of more than 78 ...
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