Tag: Sulphur

Three major sulphur producers are restricting exports simultaneously, threatening to push an already supply-squeezed global market into deeper deficit.

CRU's fertilizer and raw materials experts examine mounting market pressures in a newly available on-demand webinar, Straight Talk: Fertilizer Constraints Compound as Conflict Lingers.

A consortium of major oil companies lost another court appeal in Kazakhstan over an environmental fine of approximately $5 billion related to the storage of excessive amounts of sulphur, according to a court ruling on April 8th. The penalty was levied against the North Caspian Operating Co. (NCOC), operator of the giant Kashagan oil field, for allegedly violating environmental regulations by stockpiling sulphur.

After a first day focused on the exhibition and technical showcases, the main conference programme at the CRU Phosphates+Potash Expoconference ...

The effective closure of the Straits of Hormuz by Iran in the wake of US and Israeli attacks has sent shockwaves through all markets, but sulphur has been particularly badly affected. While the Straits carry 22% of global phosphate exports and 35% of urea, for sulphur around 45% of the 39 million tonnes transported internationally every year must traverse the narrow waterway, with major suppliers like Abu Dhabi and Saudi Arabia relying upon it for their export cargoes.

Devon Energy has signed a definitive merger agreement with Coterra Energy. The companies say that the combination will create a leading shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company will be named Devon Energy and will be headquartered in Houston while maintaining a significant presence in Oklahoma City. The companies say that they have identified $1 billion in annual pre-tax synergies which, together with technology-driven capital efficiency gains and optimised capital allocation will drive near and long-term per share growth.

The US and Israel attacks on Iran and the Iranian response have thrown commodity markets into chaos, with sulphur and sulphuric acid particularly affected.

Following an increase in its processing capacity, Duqm Refinery is now looking at further expansion projects at the $9 billion refinery project located, in the Special Economic Zone at Duqm (SEZAD) on Oman’s southeast coast. The refinery, which now has an expanded capacity of 255,000 bbl/d, is run by OQ8, a joint venture between Kuwait Petroleum International (KPI) and Oman’s OQ Group. Speaking to local media, CEO Abdulla Al Ajmi said that OQ8 has now begun front end engineering design on a reformer unit to upgrade naphtha into high-octane gasoline components such as reformate, a critical step in producing finished, specification-grade fuels. In addition to the proposed reformer unit, Duqm Refinery is also exploring opportunities to enhance value creation from its refining by-products, notably sulphur and coke.

The North Caspian Operating Company (NCOC), which operates the huge Kashagan oil field in Kazakhstan, has said that it is seeking international arbitration to resolve its ongoing dispute with the government of Kazakhstan. Kazakhstan has imposed a swingeing $4.6 billion fine for alleged violations of sulphur storage regulations at the NCOC site. In December, a special administrative court in Astana turned down an appeal by NCOC, although it also granted leave to appeal in a higher court. NCOC, a partnership between Shell, Eni, TotalEnergies, ExxonMobil, China National Petroleum Corporation, Inpex and Kazakh state oil and gas company KazMunayGaz, continues to maintain that its sulphur handling operations have been conducted in compliance with Kazakhstan’s laws and that it had the required permits in place.

With the decline of Venezuela’s production, Canada’s oil sands now represent 90% of all oil sands output, and a significant share of North America’s sulphur production.