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US oil companies sell assets overseas to invest at home

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A number of large American companies have made arrangements to sell their assets abroad and redirect their capital toward domestic projects.
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Half of US fracking wells located in water-stressed areas

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Researchers warn that fracking to extract shale gas poses risks to water supplies in regions like Texas and Colorado, which are already seriously threatened by drought.
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Shell to start fracking in Colorado

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Shell Oil announced Monday plans to utilize hydraulic fracturing at two of its wells in northwest Colorado, Craig Daily Press reported.
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Dow Chemical receives $2.2 billion in legal settlement

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The $2.2 billion payment from Kuwaiti-owned Petrochemical Industries Co. (PIC) settles a lengthy legal dispute over the failed K-Dow joint venture.
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Budget cuts will not affect food processing facility inspections, FDA says

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Concerns have been raised by the industry that food safety might be compromised if the FDA cut the number of food inspectors at the end of September.
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EPA deems Alaska copper mine harmful to local ecosystem

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The EPA estimated that a mining operation similar to plans to dig the large open-pit Pebble Mine at Alaska's Bristol Bay region could destroy up to 90 miles of salmon and trout spawning streams.
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FDA warns of counterfeit botox

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The U.S. FDA has warned in recent days that fraudulent versions of Allergan's drug Botox are being distributed here in the U.S. The agency called for healthcare practitioners and the general public to exercise caution when dealing with the drug.
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Investors withdraw from clean energy, turn to drilling

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In recent years some investors and businesses have focused on development of renewable energy resources and tried to move away from fossil-fuel based energy. But solar and wind power and biofuels have failed to live up to initial expectations, while natural gas and oil industries have made huge gains.
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US oil and gas industry execs expect new regulation to lead to consolidation

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The United States is likely to maintain a leading position in global oil and gas production, but new regulation may cause a wave of consolidation amidst concerns about increasing operating costs, just-released research suggests.
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Fluor reports benefits of oil & gas, petrochemical industry expansion

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Fluor Corp. financial results for its first quarter ending March 31 were driven by growth in its oil & gas and industrial & infrastructure segment businesses, the company says. Revenue topped $7 billion, and was up 14% from the previous year.
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