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.
Noble Corp. upgraded to Buy from Accumulate at Global Hunter Global Hunter upgraded Noble Corp to Buy and lowered its price target to $14 from $16. The firm believes Noble is well positioned to manage through a downturn with strong liquidity and a reasonable valuation.