Navy announces $141.4 billion budget in FY12

By Mass Communication Specialist 1st Class Stephen Murphy, Defense Media Activity-Anacostia WASHINGTON (NNS) -- Deputy Assistant Secretary of the Navy for Budget, Rear Adm. Joe Mulloy, briefed the Fiscal Year 2012 Department of the Navy budget roll-out at the Pentagon, Feb. 14. "The FY12 budget request reflects the Navy's continued commitment to Sailors, Marines, … [Read more...]

2012 Budget includes $358.4 million for BOEMRE reorganization and Reform

WASHINGTON, DC – President Barack Obama today announced his request for $358.4 million to fund the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) in fiscal year 2012. This represents a $119.3 million, or 50 percent, increase above the 2010 enacted level, after adjusting for funding transferred to the Office of the Secretary as part of the ongoing … [Read more...]

Obama’s Budget Would Charge Oil and Gas Drillers New Fees

WASHINGTON -(Dow Jones)- Oil and gas drillers would be charged new fees and royalty rates under President Barack Obama's 2012 spending plan announced Monday. The president's budget proposal, which would cover the fiscal year that begins Oct. 1, would impose the new charges "to receive a fair return from the development of U.S. mineral resources," according to a budget … [Read more...]