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When creating a new compute resource, one of the providers in the list is Ovirt.
The product name is oVirt, hence the name in Foreman should be fixed to it as well.
Verified on Satellite-6.0.4-RHEL-6-20140829.0 (foreman-1.6.0.42-1.el6sat). Because oVirt is not already in the selectbox. It was replaced by RHEV.
<option value="Libvirt">Libvirt</option>
<option value="Ovirt">RHEV</option>
<option value="EC2">EC2</option>
<option value="Vmware">VMWare</option>
<option value="Openstack">RHEL OpenStack Platform</option>
<option value="Rackspace">Rackspace</option>
<option value="GCE">Google</option>