BRIEF-Northern Blizzard Resources appoints new chairman and COO
* Northern blizzard resources inc. Announces voting results of annual and special meeting, appoints new chairman and chief operating officer
(Corrects story to say Keane Group is an oilfield services company and not an oil driller; removes reference to company posting bigger loss due to higher costs, oil producers putting more rigs to work, and Keane's costs rising on increased drilling activity; also corrects headline and dateline)
March 14 Oilfield services company Keane Group Inc reported a bigger loss for the fourth quarter, and the company forecast an increase in first-quarter gross revenue.
A significant increase in demand from oil producers would also allow the company to comfortably commission a part of its idle fleet through 2017, Chief Executive James Stewart told Reuters.
Keane Group said the continuation of present market conditions would result in a sequential gross revenue increase of 30 percent to 40 percent in the first quarter of 2017.
Keane Group's net loss widened to $38.5 million, in the fourth quarter ended Dec. 31, from a loss of $25.7 million, a year earlier.
Revenue nearly tripled to $151 million.
The company's quarterly costs more than doubled to $180 million.
While pricing continues to improve, input cost inflation, which includes sand costs and pressure on wages, would continue to be a headwind for the industry, CEO James Stewart said. (Reporting by Vishaka George in Bengaluru; Editing by Shounak Dasgupta)
NEW YORK, June 23 World stocks advanced on Friday and were poised for a modest gain to end the week as a drop in the dollar helped boost sagging oil prices.
SAO PAULO, June 23 Brazilian Finance Minister Henrique Meirelles said on Friday he expects the United States to lift a ban on imports of Brazilian fresh beef soon, stressing that the decision bore no relation to sanitary concerns.