Simone Sebastian

Simone Sebastian

Simone is assistant editor for She's an award-winning journalist who has covered energy for the Houston Chronicle and education for the San Francisco Chronicle, among other major newspapers. You can follower her on Twitter, @SimonesNews. Contact her at 713-362-6145 or

Forecast predicts big drop in U.S. oil price

The price of U.S. crude is heading for a precipitous decline that could force the nation’s production surge to slow, according to a BofA Merrill Lynch forecast.  More »

Texas offshore wind project wins federal grant

Baryonyx Corporation will recieve a $4 million grant from the U.S. Department of Energy for a three-turbine project in the Gulf of Mexico.  More »

Drivers cutting gasoline use, despite price drop

Gasoline demand dropped 3.7 percent over the first week of December, according to MasterCard’s gasoline report.  More »

Price plunge approaching for U.S. crude, BofA forecasts

West Texas Intermediate crude could drop below $50 a barrel in the next 24 months, the lowest level since 2009, BofA Merrill Lynch analysts project.  More »

BP expands Brazilian ethanol investment

The oil company will funnel another $350 million into Brazil’s sugarcane ethanol market, doubling the processing capacity of its Tropical plant.  More »

Analysts surprised by Marathon Oil exec resignation

David E. Roberts will step down this week “to pursue other interests,” after 17 months as chief operating officer, Marathon Oil announced Monday.  More »

ConocoPhillips announces $15.8 billion capital budget

ConocoPhillips will funnel $15.8 billion into its capital spending program next year, largely targeting growth in North America and shale regions, the company announced Friday.  More »

Energy corps among top beneficiaries from tax incentives

A New York Times report found Texas provides about $19 billion a year in business incentives, more than any other state by far.  More »

Chevron grows capital budget for 2013

Chevron announced a $36.7 billion capital budget for 2013, focused on expanding its oil and natural gas exploration and production activity, while allocating fewer dollars to its downstream arm.  More »

North America will be energy independent, refining expert says

Hart Energy refining expert Terry Higgins says rapid growth of tight oil production in the U.S. will lead North America to petroleum independence within the decade, causing global oil prices to drop.  More »

Natural gas will remain below $4 in 2013, S&P forecasts

With natural gas production continuing to rise, the commodity price will stagnate or decline next year, according to Standard & Poor’s Ratings Services projection.  More »

Plains pipeline company expands rail network in $500 million deal – Update

Plains All American Pipeline has agreed to buy five crude oil rail terminals, including one in the Eagle Ford shale in South Texas, from U.S. Development Group.  More »

Natural gas production rises, despite falling prices

The number of rigs active in natural gas regions has fallen by more than half over the year. But the county produced 5 percent more natural gas during the first nine months of the year, compared to the same period in 2011.  More »

Canadian official pushes strong energy trade with U.S.

Even as U.S. oil production expands, Consul General of Canada in New York said maintaining strong energy trade between the countries will make North America the new Saudi Arabia of energy supply.  More »

Luring top oil talent demands perks

Skyrocketing demand for petroleum engineers and other oil and gas workers has companies going to new lengths to lure top talent and keep employees out of competitors’ grasps.  More »