The price of oil regained some ground Tuesday after falling $10 dollars in just over a week to $63, or still about $25 over the “minimum price”said to be needed for medium-water oilfield developments to take hold.

Oil gains ranged from 50-60 cents on the day after their weeklong plunge played havoc with oil stocks. Oil-focused Oslo was up 1.75 percent my lunchtime in London, while Moscow’s Oil & Gas Index was up nearly a percent on Gazprom and Lukoil’s gains of 2.2 percent and 1.97 percent.

Back in Oslo, Georgia-focused oil company CanArgo was up an incredible 100 percent, although its shares were reportedly about to be delisted in mid-July for failing to deliver financial statements on time.

Aker Solutions was up 1.92 percent on news it was laying off 150 staff. The gas-carrying Golar LNG (4.72 percent), oilfield services outfit Acergy (2.61 percent) were up along with the oil price. Swedish and oil company P.A. Resources was up 4.29 percent on the award of new exploration license in the Netherlands.

Tags: Acergy, CanArgo Energy Corporation