Halliburton, which provides drilling services to oil and gas operators, will create the joint venture with an SPT Energy Group affiliate
The deal grants Foster Wheeler license to engineer, procure and construct process facilities in China under single contracts.
Manufacturers have options as long as they do their homework first
The design companies will focus on civil engineering improvements
The overall investment is expected to be approximately $50 million
The company has been mired in a dispute after Russian partners blocked BP’s deal with Russian oil company Rosneft.
The two companies have lined up $1.4 billion in long-term financing from the Russian development bank for the 50-50 joint venture called Ford Sollers.
Joint venture between Canadian firms