Sponsored by BP plc

Beaches in America saw the second-highest number of closing and advisory days in 2010, highest in more than two decades, as pollution continues to plague beach waters across the country, a report released on Wednesday said.

John Paulson, whose firm now oversees roughly $36 billion, again counted SPDR Gold Trust (GLD.P), AngloGold Ashanti (ANGJ.J), Citigroup (C.N) and Bank of America (BAC.N) as his top four holdings.

Once the world’s crude oil reserves finally run out, the best hope for a replacement is ethanol derived from Brazilian sugar-cane, according to Bob Dudley, the chief executive of BP (NYSE: BP).

The lowest dissolved oxygen measured in the Gulf of Mexico areas was 3.5 parts per million, which is above hypoxic levels, the report said.

The man who acquired a solid gold reputation for fixing sticky situations for the U.S. government is facing one of his toughest challenges yet: running BP Plc's $20 billion compensation fund.

Hurricane Alex slowed oil clean-up and containment efforts in the Gulf of Mexico, with any permanent fix to BP Plc's ruptured deep-sea oil well still several weeks away.

The first named storm of the Atlantic hurricane season is posing an uncertain threat to the Gulf of Mexico, even as efforts to contain the worst oil spill in U.S. history are set to ramp up.

The first named storm of the Atlantic hurricane season threatened on Saturday to veer toward the Gulf of Mexico within days, posing a new threat to containment and cleanup of the worst U.S. oil spill in history.

BP Plc's struggle to contain the Gulf of Mexico oil spill was nearing a potentially important stage on Friday even as worries about the soaring costs of the clean-up sent its shares nosediving to a 14-year-low.

Oil rose on Friday due to concerns that a storm in the Caribbean may move toward the Gulf of Mexico, where oil facilities are clustered and BP continues to fight an oil spill.

BP Plc stock hit a 14-year low on Friday and its credit weakened sharply on talk it needs extra cash to fund the clean-up and compensation bill for the worst oil spill in U.S. history.

BP Plc said on Monday it had incurred $350 million in costs so far from the huge oil spill in the Gulf of Mexico as fears mounted of a prolonged and growing environmental and economic disaster.

A federal jury in Texas on Friday ordered BP Plc to pay $100 million to 10 workers who were sickened by a 2007 chemical release at its Texas City refinery.

BP Solar will join forces with SolarEdge to test new products designed to help solar modules operate more efficiently in harvesting the sun's rays, the companies said on Wednesday.

BP Plc had about $20 million worth of diesel fuel stolen at its distribution plant on a Harbor Island distribution center in Seattle, according to police.

Commodity Online NEW DELHI: Energy giant BP Plc is likely to set a co operation with Cals Ltd, a Spice Energy holding company for its proposed five million tonns oil refinery at Haldia near Kolkata.

BP Plc expects to restart on Monday 10,000 barrels per day of Alaskan oil production at its giant Prudhoe Bay oil field, halted June 18 for a pipe leak, a BP spokesman said.

BP Plc announced today that its Thunder Horse field in the Gulf of Mexico will probably not begin production until mid 2008.