TotalEnergies' Texas Refinery Leak Shuts Down Key Units: Report

Comments
Loading...
Zinger Key Points

TotalEnergies SE‘s TTE coker and small crude distillation unit (CDU) at the Port Arthur, Texas refinery was reportedly shut down due to a leak on the gasoline-producing fluidic catalytic cracker (FCC).

The 40,000-bpd ACU-2 CDU and 60,000-bpd coker are expected to be shut for one to two days, while a clamp is fabricated to fix the leak on the 76,000-bpd FCC, Reuters reported.

The company shut down the FCC for a three-month overhaul that ended in late November. 

Also ReadOil Giant TotalEnergies Partners with Bahrain’s Bapco for Advanced Refinery Optimization And Product Trading

The report noted the company struggled to resume full production until a plantwide power outage hit it on January 16, and the refinery returned to normal production by February 21 following the blackout.

Last week, TotalEnergies and QatarEnergy secured interests in Block 3B/4B offshore South Africa from Africa Oil SA, with the company holding a 33% participating interest in Block 3B/4B and assuming operatorship and QatarEnergy will have a 24% interest.

Price Action: TTE shares are trading higher by 0.24% at $66.26 on the last check Tuesday.

Overview Rating:
Good
62.5%
Technicals Analysis
66
0100
Financials Analysis
60
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!