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NE
Noble Corporation

5/26/2012, 5:08 PM ET
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NE Market Currents more »
  • Thursday 5:39 PM Noble Corp. (NE) says it is budgeting for capital spending to grow to $2.3B from $1.9B next year, unless it decides to build a new offshore drilling rig to add to the 11 now in the works. CEO David Williams says new rigs are attractive now due to stronger demand, a general capital shortage, and the financial crisis driving out speculative rig builders who could otherwise flood the market.
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Company Description

Noble Corporation, a Swiss corporation, is a leading offshore drilling contractor for the oil and gas industry. We perform contract drilling services with our fleet of 62 mobile offshore drilling units located worldwide. This fleet consists of 13 semisubmersibles, four dynamically positioned... More