Energy Blast – Dec 23, 2011

Rosneft will spend $15 billion on capital expenditures next year, partly due to an upgrade program for its refineries, which will take investment to record company levels.  Shareholders in the Shtokman gas project will discuss at this month’s meeting whether or not the project should proceed with both LNG and pipeline exports.  Gasoline stockpiles in Europe’s oil trading hub of Amsterdam-Rotterdam-Antwerp are at a five-month high.  Spain’s Repsol has signed a $1 billion deal and will take oil and gas field stakes in Mississippi previously owned by SandRidge Energy.