ADVFN - Advanced Financial Network.
HOME» NYSE » C » CVX Stock Price » CVX Stock News

Chevron Share News

 Chevron Corp. Stock Price
CVX Stock Price
 Chevron Corp. Stock Chart
CVX Stock Chart
 Chevron Corp. Stock News
CVX Stock News
 Chevron Corp. Company Information
CVX Company Information
 Chevron Corp. Stock Trades
CVX Stock Trades

U.S. House Approves Bill That Seeks To Speed Up Offshore Drilling Permits

By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The U.S. House of Representatives has voted to impose deadlines on the Obama administration to issue offshore drilling permits, as Republicans renew calls for greater amounts of domestic oil production amid rising gasoline prices. The House passed the legislation Wednesday, approving two of three bills that seek to expand and speed up the pace of offshore oil and gas drilling. The Senate, however, which is controlled by Democrats, is unlikely to approve the measure. The Senate is instead looking to repeal tax breaks given to the largest oil and gas companies, including Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) and Chevron Corp. (CVX). The bill approved Wednesday follows months during which oil and gas companies, particularly those operating in the Gulf of Mexico, have complained about the length of time it has taken the Interior Department to review and issue drilling permits in the wake of the Deepwater Horizon oil spill. These companies have accused the department of imposing a de facto moratorium on drilling after lifting a real moratorium on deepwater drilling in October 2010. Top Interior Department officials have defended their permit reviews, saying reviews are taking longer because they have to ensure compliance with stringent new standards developed in the wake of the oil spill. The bill cleared the House by a vote of 263 to 163, with votes falling mostly along partly lines. The bill is part of a package of legislation, introduced by Republicans, that seeks to expand or speed up offshore drilling. Earlier this month, the House approved the first of those bills, aimed at forcing the Obama administration to hold lease sales planned for the Gulf of Mexico and off the Virginia coast. This most recent bill requires the Interior Department to issue or deny a permit application within 30 days of receiving it, although it allows the department an additional 30 days if necessary. Under current law, the Interior Department isn't obligated to issue or deny permits in any particular time frame. -By Tennille Tracy, Dow Jones Newswires; 202-862-6619; tennille.tracy@dowjones.com

Stock News for Chevron (CVX)
DateTimeHeadline
03/27/201506:31:30Wall Street Breakfast: Markets Prepare For Yellen Speech
03/27/201505:18:33Chevron to Sell Caltex Australia Stake -- Update
03/27/201505:03:20Chevron looks to sell Caltex Australia stake
03/27/201504:00:12Chevron to Sell Caltex Australia Stake
03/27/201503:03:29Chevron to Sell Caltex Australia Stake
03/27/201503:02:21Chevron to Sell Caltex Australia Stake
03/27/201502:00:00Chevron Announces Sale of Interest in Caltex Australia Ltd
03/27/201501:48:00Companies In Australia's Cooper Basin Worth Watching: Canaccord...
03/26/201521:29:05Building A Better (Balanced) Dividend Growth Portfolio
03/26/201511:41:42Why Investors Don't Trust Oil to Rebound
03/26/201507:31:37The United States Shale Boom: The Reasoning For The Low Price...
03/25/201510:00:02Better Big Oil Dividend: ExxonMobil Corporation or Chevron Corporation?
03/25/201509:16:33Dof Gets Chevron Contract Off Australia's Northwest Coast
03/25/201505:27:49West Africa Is A Big Part Of Chevron's Plan
03/24/201506:30:00The New Commodity Kings Making A Boatload In The Oil Market
03/22/201509:02:26Crude Oil: Why A 'Storage Crisis' Might Not Be So Bad After All
03/22/201509:00:033 Energy Stocks You Don't Have to Babysit
03/21/201515:59:04Retirement Strategy: The Reward Of More Income Is Worth The Risk...
03/20/201506:28:15Chevron Stock At The Magic 4% Yield Mark
03/20/201503:52:08Chevron's Huge LNG Build-Out Nearing Completion Means Dividend...

Chevron and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad