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.
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.