Noble confirms the drilling rig in Brazil experienced ballast control incident Noble Corporation confirmed that the Noble Paul Wolff experienced a ballast control incident on February 28. The crew took prompt corrective action, including safely securing the well, and measures are currently underway to resolve the matter. As a precaution, 77 non-essential personnel were evacuated from the rig without injuries, and no pollution has been reported. Noble continues to work with its customer and appropriate authorities in connection with this matter.
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Noble Corp. upgraded to Market Perform from Underperform at BMO Capital BMO upgraded the offshore drillers to Market Perform from Underperform citing valuation, reduced expectations, and a slow resumption in activity. Price target remains $33.