By Josh Beckerman

Equinor ASA (EQNR) American depositary receipts recently traded down 2.6% to $22.17, while Seadrill Ltd. (SDRL) shares were down 8.2% to $9.04.

Reuters reported that Equinor stopped drilling an offshore Norway well following the unintentional disconnection of a device at Seadrill's West Hercules rig.

Meanwhile, Seadrill Partners LLC (SDLP), which was formed by Seadrill Ltd., said Tuesday that it will reduce its quarterly distribution to 1 cent a unit from 10 cents, seeking to preserve liquidity amid a "slower than anticipated recovery in dayrates." Seadrill Partners units fell 20.8% to $1.40.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

January 22, 2019 13:51 ET (18:51 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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