Fluor Corp announced the formation of its partnership with a subsidiary of China National Offshore Oil Co., a state-owned company. The partnership was engineered to pursue offshore oil and gas projects in the Asia-Pacific region.
The deal extends a 10-year-old relationship with Offshore Oil Engineering Corp. Ltd, said the engineering and construction firm, Fluor. Financial terms were not disclosed.
Shares of Fluor fell $1.42, or 3.1 percent, closing at $43.96.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine
