Fluor Corp. said Thursday it has formed a partnership with a subsidiary of state-owned China National Offshore Oil Co. to pursue offshore oil and gas projects in the Asia-Pacific region.
Fluor, an engineering and construction firm, said the deal extends a 10-year-old relationship with the company, Offshore Oil Engineering Corp. Ltd.
Financial terms were not disclosed.
Fluor shares fell $1.42, or 3.1 percent, to close at $43.96 on Thursday.
ADVERTISEMENT