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Sierra hires Canada’s Scotia Waterous to sell stake in Mexico block

Bloomberg Upstart Mexican driller Sierra Oil & Gas S de RL de CV, which co-owns a billion-barrel find in the Gulf of Mexico, has hired Canada’s Scotia Waterous to sell a stake in a nearby exploratory block. “We are negotiating the final terms of the agreement with the buyer,” said Ivan Sandrea, Sierra’s chief executive officer, speaking over the phone ...

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Wind turbines take a break as heatwave set to hit UK

Bloomberg Thousands of wind turbines from Germany to the UK are set to grind to a halt next week, cutting electricity supplies at the same time as the next wave of hot weather arrives. As the warmest second quarter in 30 years draws to a close, next-month power prices in Europe’s biggest economy are already trading at their highest for ...

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Trump widens global trade war with tariff threat for EU cars

Bloomberg President Donald Trump threatened a 20 percent tariff on cars imported from the European Union unless the bloc removes import duties and other barriers to US goods, escalating a global trade war the EU warned could endanger $300 billion in commerce. “Based on the Tariffs and Trade Barriers long placed on the US and it great companies and workers ...

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