Norwegian oil services company Seadrill (SDRL +6.2%) moves up after its Q3 results beat...

|About: Seadrill Limited (SDRL)|By:, SA News Editor

Norwegian oil services company Seadrill (SDRL +6.2%) moves up after its Q3 results beat estimates, despite a 90% Y/Y drop in profit due to a $330M derivatives loss. Its jack-up rigs business posted strong operating earnings as major oil companies increased their offshore exploration activity to capitalize on high oil prices.