Weekly Recap: Port Arthur refinery restarts and Cronos gas field approval

TotalEnergies SE (EURONEXT:TTE) has restored Port Arthur refinery output by restarting ACU‑1 and ACU‑2, boosting capacity to 190,000–238,000 bpd, signed off with Eni to develop the Cronos gas field targeting 2028 LNG at ~500 MMcf/d, and will appeal a Paris court ruling on climate duty obligations.

Previous Week Recap

• TotalEnergies Restarted Port Arthur Units: TotalEnergies (TTE) restarted Port Arthur crude units: ACU‑1 (150,000 bpd) and ACU‑2 (40,000 bpd), returning the refinery to 190,000–238,000 bpd operational capacity after repairs.
• TotalEnergies, Eni Approve Cronos Development: TotalEnergies (TTE) and Eni approved development of Cronos gas field (Block 6) offshore Cyprus. First production due 2028; plateau ~500 MMcf/d (≈2.8 Mtpa LNG). LNG split 50/50.
• TotalEnergies Appeals Vigilance Law Ruling: TotalEnergies will appeal a Paris court ruling to the Court of Appeal, arguing France’s duty of vigilance law shouldn’t cover climate obligations or control customers’ use of its products.

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