Officials from Trinidad and Tobago said an idled oil tanker in the Gulf of Paria is at “minimal risk” of an oil spill as Venezuelan authorities began transferring oil from the vessel, a process that could take over a month.
Oil and gas supermajors face a challenging task of strategically investing in renewables to keep their presence in the electric grid, as exemplified by BP’s recent partnership with Equinor in a large offshore wind investment.
With a new deal to integrate renewable energy to power its Nickel West operations in West Virginia, BHP plans to supply “sustainable nickel” to companies such as Tesla to produce batteries.
With winds of 110+ mph, Hurricane Zeta struck Louisiana near New Orleans, leaving in its wake at least three people dead, a major levee breach, and 2 million people without power. The state has suffered a record five hurricanes or tropical storms this year.
U.S. stocks suffered their worst losses in four months on Wednesday, with the S&P 500 down 3.5%, on concerns about the spreading virus and its economic consequences.
Earnings reports from credit card companies indicate consumers have resumed spending near pre-pandemic levels but are not funding it with added debt, suggesting uncertainty about the economic outlook.
Boeing cited the pandemic in its decision to lay off another 7,000 employees by the end of next year, bringing the total number of layoffs to 27,000. The collapse of the airline industry has cost around 100,000 jobs so far in 2020, with 220,000 more at risk.
France reported a one-day record of COVID-19 cases over the past 24 hours, while Spain declared a state of emergency that includes increased nighttime curfews and travel bans to stop the virus’ spread.
Italy and Greece registered record numbers of new COVID-19 cases in the past 24 hours, while the U.K. recorded almost 25,000 new cases.
Some health workers in Belgium have been asked to continue working even after testing positive for COVID-19 as long as they are asymptomatic. With high hospitalizations, the country is facing a shortage of medical staff.
Switzerland is imposing new lockdowns that include a curfew on bars and restaurants and stricter mask mandates.
Poland reported a record 18,820 new COVID-19 infections Wednesday, as some overrun hospitals have been forced to turn patients away.
Portugal recorded a record number of one-day COVID-19 cases at 3,960.
Melbourne, Australia, ended a three-month lockdown on Wednesday after reporting no new COVID-19 cases Monday and Tuesday.
Taiwan has gone 200 days without a locally transmitted COVID-19 infection thanks to strict border controls, contact tracing and a mask mandate.
With one of the lowest COVID-19 death counts in the world — only 460 since the start of the pandemic — South Korea’s president declared the virus contained on Wednesday.
While India’s national daily COVID-19 cases are slowing, the country’s capital reported a record number of cases Wednesday. The nationwide case count surpassed 8 million yesterday, second only to the U.S with 8.8 million.
Japan’s central bank said it will maintain interest rates at or below zero for the foreseeable future, and that it is prepared to intervene if the COVID-19 pandemic interrupts the nation’s economic recovery.
Reminder: Daylight saving time takes effect this Sunday, November 1, at 2:00 a.m.
Global Healthcare Manager Josh Blackmore was a featured speaker today during the Plastics in Healthcare Virtual Edition, sponsored by Plastics News. The title of his talk: Applying the Lessons from the First Wave of COVID-19 to Successfully Navigate the Second.
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