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House, Senate Bills Aim at Replacing Obama Oil-Drilling Plan

By Tennille Tracy WASHINGTON--House and Senate lawmakers are trying to overturn a five-year oil drilling plan developed by the Obama administration and replace it with new proposals that open up more federal waters to exploration. The House approved a bill Wednesday that paves the way for oil drilling in the Atlantic and Pacific oceans, areas where production has not taken place for several years, and nearly doubles the number of drilling lease auctions to be held between now and 2017. The bill passed the House by a vote of 253 to 170. Also Wednesday, Sen. Lisa Murkowski (R., Alaska) and a bipartisan group of senators unveiled a similar bill while also introducing a provision that forces the federal government to share more of the oil royalties with coastal states. The Interior Department finalized its five-year drilling plan earlier this year, outlining 12 lease auctions in the Gulf of Mexico, two in the Arctic Ocean and one in Cook Inlet. -By Tennille Tracy, Dow Jones Newswires; 202-862-6619; tennille.tracy@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
08/27/201416:40:25U.S. Hot Stocks: Hot Stocks to Watch
08/26/201418:57:45ExxonMobil Pipeline Co. to Pay $1.4 Million to Settle Alleged...
08/26/201418:57:07ExxonMobil Pipeline Co. to Pay $1.4 Million to Settle Alleged...
08/22/201409:30:09Russia's Rosneft to Acquire 30% of N.Y.-Listed Oil Driller
08/18/201421:20:11Australia's Oil Search First-Half Profit Rises
08/13/201422:01:44Pemex Has Talked With Firms About Working on Projects
08/06/201418:55:33CST Brands to Acquire General Partner of Lehigh Gas Partners
08/04/201410:20:16Tanzania to Invest $1.2 Billion to Revamp Power Utility
08/04/201405:48:16Tanzania to Invest $1.2 Billion to Revamp State Power Utility
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07/25/201410:41:52Promising Outlook for Tanzania's Natural Gas Sector Says IMF
07/25/201408:40:33Rosneft Working on Sanctions Strategy
07/24/201402:24:17Statoil Gets Stake in Offshore Columbia Licence
07/18/201419:37:44Shell Confirms Employees Were on Malaysia Airlines Flight...
07/17/201402:13:01U.S. Escalates Sanctions on Russia Over Ukraine -- Update
07/11/201408:30:35North Sea Maintenance Means August Crude-Oil Loadings to Fall...

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