Energy News

McDermott receives delisting warning from NYSE

Houston-based McDermott International Inc. (NYSE: MDR) is the latest energy-related company to receive a delisting warning from the New York Stock Exchange.

The NYSE informed McDermott on Dec. 13 that the average closing price of the company’s shares of common stock over 30 consecutive trading days had fallen below $1 per share, the minimum required.

McDermott said it will notify the NYSE of its intent to regain compliance. The company has six months to fix the issue by ending the last trading…