• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days They pay YOU to TAKE Natural Gas
  • 10 hours How Far Have We Really Gotten With Alternative Energy
  • 14 hours What fool thought this was a good idea...
  • 3 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 10 days The United States produced more crude oil than any nation, at any time.
Traders Ditch Bullish Bets on Oil

Traders Ditch Bullish Bets on Oil

A continuously fading war risk…

A Coal Stock Worth Buying?

A Coal Stock Worth Buying?

Buying coal stocks is not…

TotalEnergies Shuts Down Recently Restarted Texas Refinery

French TotalEnergies has shut down its Port Arthur refinery in Texas just days after it restarted it following a power outage that occurred in mid-January.

The information comes from unnamed sources familiar with the situation who spoke to Reuter.

The sources told the news outlet TotalEnergies has had trouble making the refinery’s coker and reformer work after the outage. The coker has a capacity of 60,000 bpd and the reformer can process 35,000 barrels daily.

Days before the January 16 power outage, the Port Arthur refinery had to shut down its two crude distillation units and two vacuum distillation units, due to a malfunction at the gasoline-producing unit, Reuters again reported at the time.

Meanwhile, another large U.S. refinery that recently experienced a power outage will remain shut for three weeks sources told Reuters. The BP refinery in Whiting, Indiana, is the largest refinery in the Midwest.

Earlier this month, the facility was hit by a power outage and now has to undergo inspections before it is put back into operation. Should the inspections uncover any problems, the refinery could stay shut for longer than three weeks.

Port Arthur is one of TotalEnergies’ largest refining and petrochemicals platforms. To scale up its petrochemical operations in the United States and gain further market share, TotalEnergies invested in 2017 in significantly increasing its ethylene production capacity by using abundant and cheap U.S. ethane.

The Port Arthur site has a refining production capacity of 185,000 barrels per day and a total processing capacity of 238,000 barrels per day. The complex also features a steam cracker through a joint venture with BASF that has a capacity of 1 million tons per year.

ADVERTISEMENT

Earlier this week, TotalEnergies reported profits of $5.2 billion for the final quarter of 2023, which was 31% less than its net result for the last quarter of 2022, missing analyst expectations.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News