The energy sector is expected to see a 12% decrease in growth over the second quarter, according to S&P Capital IQ, but Noble Corp. bucked the trend while growing its year-over-year earnings by 250%. Offshore drilling companies have been one of the bright spots in an overall gloomy sector with dayrates increasing and rig utilization numbers growing. The trend can also be seen in other offshore companies, with Transocean turning in a strong Q2 and Diamond Offshore declaring a special cash dividend.

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