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Oil and gas customer default widens First Niagara loss

First Niagara Financial Group took a bigger loss last year than it originally reported after an oil and gas customer fell into financial trouble amid the decline in energy prices. In a regulatory filing late Tuesday, the Buffalo, N.Y.-based bank said it lost $2.5 million more in 2014 than it had stated in late January, bringing its total loss for ...

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Rail inspection finds missing bolts

An inspection of the rail line that stretches from Fort Edward to southern Saratoga County last week found three “critical” problems, although all were in central and southern Saratoga County and none in Washington County. The track review by the state Department of Transportation and Federal Railroad Administration found missing bolts in rail joints in stretches of track in Saratoga ...

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Sen. Schumer: Set strict limit on volatility of railcar oil

ALBANY, N.Y. — New York Sen. Charles Schumer is asking federal regulators to set a strict standard for the volatility of crude oil shipped by rail to help reduce destruction from accidents like a fiery derailment in West Virginia last month. Schumer says Wednesday he’s particularly concerned about oil from the Bakken Shale formation in North Dakota and Montana because ...

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N.Y. towns possibly joining P.A. is no joke

The idea of 15 New York towns seceding and joining Pennsylvania seemed like a really good joke, until the joke turned into a reality. Fifteen cities considering secession from New York for economic reasons are located on New York’s Southern Tier, conveniently located on top of the Marcellus Shale, which is the U.S.’ leading natural gas producing formation and the ...

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New York town to find a way to frack the Marcellus Shale despite state ban

Marcellus drilling site

WINDSOR, Ny. – This town of 5,000 people situated near the Pennsylvania border and directly over one of the richest deposits of the gas-laden Marcellus Shale formation is moving forward with ordinances that would clear the way for fracking. Yes, that is right, Windsor Town officials are planning to approve fracking — “gas and oil development,” as they term it ...

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Utility companies are putting up the ‘Help Wanted’ sign

JEANNETTE – On a recent frigid morning, about two dozen men in orange neon vests and white hardhats worked in teams on electric utility power lines planted in a patch of woods in Westmoreland County. A few of the workers were in bucket trucks. Some were perched high against the wooden poles, relying on harnesses and a specific posture to ...

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