SDX Energy Inc., London, plans to complete its Rabul 4 discovery well for production on the West Gharib Block in Egypt’s Eastern Desert. The well, drilled to 5,250 ft TD, cut 43 ft of net heavy oil pay in the Lower Miocene Yusr and Bakr formations. Average porosity is 16%.  Source: News

Inter Pipeline Ltd., Calgary, has let a contract to W.R. Grace & Co. to provide polypropylene (PP) technology and associated polyolefin catalyst supply for a PP unit to be built at its proposed $3.5-billion (Can.) Heartland Petrochemical Complex (HPC) in in Strathcona County, Alta.  Source: News

The outlook for global independent exploration and production firms remains positive, buoyed by strong earnings before interest, taxes, depreciation, and amortization (EBITDA), expected to reach 18-22% higher in 2018, according to Moody’s Investors Service in a recent report. Source: News

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased 2.2 million bbl for the week ended Apr. 20, according to US Energy Information Administration data. Source: News

Phillips 66 Partners will build the Gray Oak Pipeline to carry crude oil from the Permian basin to the Texas Gulf Coast and hold a second open season to gauge interest in a system expansion.  Source: News

Enbridge said it will continue seeking approval of its proposed route for the Line 3 replacement through Minnesota despite an administrative law judge’s Apr. 23 recommendation that it use the existing crude-oil pipeline corridor through the state. Source: News

Crude oil prices for June delivery briefly broke above $69/bbl on the New York market and $75/bbl in London during Apr. 24 trading, but both benchmarks closed lower. Oil traders suggest possible renewal of US sanctions against Iran could disrupt world oil flow. Source: News