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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
07/26/201610:00:00ExxonMobil to Expand Ultra-Low Sulfur Fuels Production at Beaumont...
07/25/201613:50:00Exxon, Saudi Firm Mull Petrochemical Joint Venture
07/25/201613:10:00Exxon, Saudi Firm Seek to Build Petrochemical Plant on U.S. Gulf...
07/25/201612:46:00Sabic, Exxon Mobil Affiliate Consider JV Petrochemical Complex...
07/25/201609:00:00ExxonMobil to Release Second Quarter 2016 Financial Results
07/25/201608:35:00SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on...
07/25/201603:03:00Summer Offers Refiners No Relief -- WSJ
07/24/201623:10:00BP Tries to Regain Its Footing With the 2010 Spill Behind It
07/23/201605:59:00Fuel Glut Keeps Pressure on Refiners' Profit
07/22/201617:44:00Correction to InterOil Article on Monday
07/22/201616:41:00Correction to InerOil Article on Thursday
07/21/201614:56:00Exxon Wins Bidding War for InterOil After Oil Search Pulls Out...
07/21/201612:10:00ExxonMobil to Acquire InterOil in Transaction Worth More Than...
07/21/201612:10:00ExxonMobil to Acquire InterOil in Transaction Worth More Than...
07/20/201621:30:00Oil Search Abandons Bid for InterOil, Clears Path for Exxon
07/20/201621:03:00Oil Search Abandons Bid for InterOil, Clears Path for Exxon...
07/20/201620:51:00Oil Search Abandons Bid for InterOil, Clears Path for Exxon
07/20/201614:33:00ExxonMobil to Expand Specialty Elastomers Capacity at Newport...
07/19/201608:55:00Exxon: Gas Compressor Shut Down at Beaumont Refinery
07/19/201603:03:00Exxon's $2.5 Billion Bid For InterOil Tops Rival's -- WSJ

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