Simone Sebastian

Simone Sebastian

Simone is assistant editor for She's an award-winning reporter 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

McMoRan Exploration has “limited success” in ultradeep well

Mineral blockages at Davy Jones No. 1, an ultradeep shallow water well in the Gulf of Mexcio, have caused trouble for McMoRan Exploration.  More »

Forecast shows more hybrids, electric vehicles in 2013

With automakers focused on low- and alternative-fuel vehicles, declining gasoline prices have become their “worst nightmare,” said automotive analyst Alan Baum  More »

EPA Administrator Lisa Jackson resigns

Jackson has drawn the ire of oil industry leaders during her four years at the helm, particularly during an EPA review of hydraulic fracturing.  More »

ConocoPhillips sells Nigerian business

In its latest move to streamline, ConocoPhillips is selling its Nigerian assets in a $1.8 billion deal with Oando PLC.  More »

Statoil expands Marcellus presence with $590M land grab

The Norwegian oil giant’s latest move to expand its presence in shale will add 70,000 operated net acres to its U.S. portfolio.  More »

ConocoPhillips to sell Algerian business to Indonesian oil corp

ConocoPhillips has agreed to sell its Algeria business for about $1.75 billion to Indonesia’s state-owned oil company Pertamina, the Houston-based corporation announced Tuesday.  More »

Environmentalists criticize federally backed Texas offshore wind project

Austin-based Baryonyx, which won a $4 million federal grant, said the three-turbine demonstration project is part of a larger 300-turbine plan near South Padre Island.  More »

Phillips 66 to launch offering for MLP

Phillips 66 said it will file an initial public offering for some of its transportation assets in 2013. The company also announced a $3.7 billion capital program for the year, 6 percent higher than 2012 spending.  More »

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 »