Noble Corp. (NE) says it is budgeting for capital spending to grow to $2.3B from $1.9B next...

|About: Noble Corporation plc (NE)|By:, SA News Editor

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.