Noble Corp. updates rig status Noble Corporation issued an update on the status of Noble Paul Wolff, a dynamically positioned semisubmersible rig operating off the coast of Brazil. The rig is stable and is operating under its own power following a ballast control incident that occurred on Friday, February 28. Additional crew members are also now being selectively returned to the rig. The company continues to work with its customer and authorities to fully resolve the matter and safely resume normal operations.
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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.