Independent journal on economy and transport policy
08:57 GMT+2
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The value of Transocean's shares does not comply with New York Stock Exchange standards
It was less than a dollar a share for a period of 30 consecutive days
October 19, 2020
Recalling that the NYSE rules provide for a period of six months within which compliance can be regained compliance with the criteria of the minimum share price, the company swiss government has expressed its willingness to regain that compliance and has announced that it is evaluating all options available to achieve this goal.
Transocean's fleet currently consists of 38 drilling units, of whole or partial ownership, of which 27 floating structures for ultra-deep water and 11 for difficult environments. In addition, the company has two other ultra-deep water drilling vessels.
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