Congress approves offshore drilling bill
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Hours before adjourning for the  year, the U.S. Congress on Saturday sent President George W.  Bush legislation that would open 8.3 million acres in the Gulf  of Mexico to oil and natural gas drilling and redistribute  billions of dollars in royalties to four Gulf states.
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Republican leaders in the U.S. House  of Representatives on Tuesday called off a vote on a limited  offshore oil and natural gas drilling bill which would open 8.3  million acres in the Gulf of Mexico off Florida.
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The House voted overwhelmingly yesterday to expand offshore oil drilling and preserve a variety of popular tax breaks for families and businesses, but the wide-ranging last-minute package faced serious opposition in the Senate from lawmakers angry about trade provisions and its $50 billion cost.
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The U.S. House of Representatives on  Thursday approved a plan to allow oil drilling in Alaska&#039;s  Arctic National Wildlife Refuge.
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When it comes to taking oil and natural gas from government land and waters, the oil companies are getting a good deal, says a congressional report.
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The U.S. Senate late on Thursday approved a broad energy bill to increase the fuel efficiency of U.S. cars and trucks by Congress for the first time since 1975 and significantly boost production of renewable motor fuels like ethanol.
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The U.S. Congress early on Saturday took a major step toward permitting the sale of American-made nuclear reactors and fuel to India by giving final approval to a White House-backed bill.
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The House approved oil and gas drilling Friday in a vast area of the Gulf of Mexico south of Florida's Panhandle and agreed to steer hundreds of millions of dollars in royalty payments to Gulf states to restore coastal wetlands and repair hurricane damage.
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BAGHDAD -- Legislation to manage Iraq's oil industry won Cabinet approval yesterday and could go before parliament for ratification within days, but political wrangling raised the possibility of delays in passing the long-stalled measure.
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WASHINGTON, Dec. 9  /PRNewswire/ -- I applaud Congress for working in a bipartisan manner to pass a stronger Magnuson-Stevens Act.  Our Nation is committed to maintaining our thriving commercial and recreational fishing communities.
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Chevron Corp said on Tuesday it had   successfully drilled for oil in the Gulf of Mexico's deep   waters and analysts said the find suggested there may be more   oil in the region that provides a quarter of U.S. output.
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Congress on Saturday approved a $477 billion defense bill with a military pay raise and new money for Iraq and Afghanistan. Underscoring the bill&#39;s lack of controversy, the House approved
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The Senate gave final approval yesterday to the most significant corporate tax legislation in nearly 20 years, sending President Bush a 650-page measure that closes egregious tax loopholes, reduces taxes for domestic producers, and doles out tax breaks for interests ranging from tackle box makers to native Alaskan whaling captains.
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WASHINGTON -- The House last night passed a massive business-tax bill aimed at settling a trade dispute with the European Union and propping up domestic manufacturers.
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The CAPS community loves this offshore drilling stock.
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The Senate sent legislation to President Bush early this morning that expands offshore oil drilling and preserves a variety of popular tax breaks for families and businesses.
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Abandoning months of opposition, House Republicans agreed Friday to move an offshore drilling bill that would open new territory in the Gulf Coast to oil rigs but would not ease restrictions on coastal waters elsewhere.