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Steve Brown

The Steam Oil Production Company Ltd

Contributor since: 15 Jan 2015

Steve Brown

Steve Brown is a petroleum engineer with over thirty years of experience with BP, Halliburton, Challenge Energy, Petrofac, Exile Resources, Setanta Energy and now The Steam Oil Production Company Ltd. At BP he led the Harding field pre-project team and was the first Andrew field operations manager. He founded Challenge Energy (now part of the SLR Group), Exile Resources (now Oando Energy Resources), Setanta Energy and The Steam Oil Production Company Ltd.

Latest articles from Steve

  • Is The EIA Too Optimistic On U.S. Oil Output?

    Published 29 January 2016 | viewed 9,322 times

    After following the weekly production statistics avidly for some months and initially being smugly pleased by the data saying exactly what I wanted to hear,…

  • EIA Forecasts Miss the Mark, But Do Better Than Most

    Published 13 January 2016 | viewed 7,232 times

    Friends, Oilmen, Economists, I come not to bury Sieminski but to praise him. In case you don't know (I confess I didn't) Adam Sieminski is…

  • Crashing Oil Prices And Dropping Rig Count Take Their Toll On U.S. Output

    Published 11 January 2016 | viewed 28,399 times

    The EIA has just published its latest update to the Drilling Productivity Report (DPR), and soon we will get their update to the Short Term…

  • OPEC Isn’t Dead. It’s Shifting Strategies

    Published 08 December 2015 | viewed 13,530 times

    OPEC is the ultimate cartel, it was formed to get its members a better price for their product than the free market would allow, and…

  • Petrobras Scandal Reaches Far And Wide: Are Investors At Risk?

    Published 24 September 2015 | viewed 10,134 times

    Brazil is cleaning up its act, the national oil company, Petrobras, and its contractors are being dragged through a car wash. The country, the company…

  • Why Today’s Oil Bust Is Not Like The 1980s

    Published 25 August 2015 | viewed 44,188 times

    Back in February 2015, Bob Dudley, BP's CEO, said in a Bloomberg TV interview that the fundamental supply and demand picture reminded him of 1986,…

  • Oil Prices Must Rebound. Here’s Why

    Published 19 August 2015 | viewed 41,133 times

    Last week I spotted a very interesting chart that Gregor MacDonald tweeted which showed world oil production over recent years excluding the USA. The chart…

  • Why Value Per Barrel Is Such A Lousy Metric

    Published 03 March 2015 | viewed 20,287 times

    Value per barrel is a completely hopeless way of putting a price on an oil company or project; but (as with democracy and political systems)…

  • Oil Industry Costs Will Come Down But How Fast?

    Published 10 February 2015 | viewed 8,615 times

    I wrote earlier about oil prices, or more specifically, about where oil prices might go in the medium to long term; that was $80/bbl plus…

  • U.S. Supply Growth To Halt This Summer

    Published 04 February 2015 | viewed 11,346 times

    Everyone knows it by now but the growth in domestic US oil production has been truly astonishing. Spurred on by high oil prices and easy…

  • Next Wave Of North Sea Oil Could Deliver A Billion Barrels

    Published 20 January 2015 | viewed 10,583 times

    The development of heavy oil in the UK goes back further than most people realize. All the way back to 1787, in fact. That was…

  • Be Prepared For An Oil Price Spike

    Published 15 January 2015 | viewed 36,782 times

    The recent collapse in oil prices has taken pundits and oil producers by surprise. It was only six months ago that prices were over $100/bbl…

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