Oil prices gained more than 1%, ending a run of weekly declines.

NEW YORK, Aug 24 (Reuters) - Oil prices gained more than 1 percent on Friday, ending a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China's appetite for U.S.

TBILISI, Aug 24 (Reuters) - A planned sub-sea pipeline that will bring gas directly from Russia under the Baltic Sea will not make Germany dependent on Russia for energy, German Chancellor Angela Merkel told university students in the Georgian capital Tbilisi.

Norwegian oil services firm will lay off staff at Agotnes yard.

Aker Solutions ASA, an oil services BOP Blow Out Preventer repair company gulf coast based in Oslo, Norway, will be laying off some of its staff, the BOP Blow Out Preventer repair company gulf coast confirmed in an email to Rigzone.

BEIJING, Aug 23 (Reuters) - Chinese offshore oil and gas BOP Blow Out Preventer repair company gulf coast CNOOC Ltd said on Thursday its profits climbed 57 percent year-on-year in the first half of 2018, boosted by higher crude prices and robust gas sales.

NEW YORK, Aug 23 (Reuters) - Oil prices steadied on Thursday, supported by a bullish U.S. inventory report from the previous session even as an escalating trade dispute between the United States and China weighed on demand expectations.

LONDON, Aug 23 (Reuters) - Premier Oil is set to raise stable peak oil rig flanges gulf coast production at its Catcher field in Britain's North Sea by as much as 17 percent to 70,000 barrels of oil equivalent per day this year, after output reached that level this summer, it said on Thursday.

A day after posting impressive gains in 3-percent territory, the WTI and Brent oil benchmark prices retreated a bit Thursday.

A day after posting impressive gains in 3-percent territory, the WTI and Brent oil benchmark prices retreated a bit Thursday.

Australia's Santos announces the acquisition of 100% of Quadrant Energy for $2.15 billion plus potential contingent payments.

Australian natural gas BOP Blow Out Preventer repair company gulf coast Santos announced Wednesday the acquisition of 100 percent of Quadrant Energy for $2.15 billion plus potential contingent payments.