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Brunei Darussalam has greatly benefited from more than a century of activity in the energy sector, after the first commercial discoveryof oil in Seria in 1929. Since then, the energy sector has grown to become a core pillar of the wealth of our nation. Brunei Darussalam is also a respected and active member of the regional and international community, a relationship which is driven by the ideals set forth by His Majesty's direction of mutual respect and peaceful co-existence. His Majesty's foresight, wisdom and guidance has ensured that we are able to enjoy a stable, comfortable and peaceful way of life in a nation, which remains on a steady path of economic growth.

The Energy and Industry Department, Prime Minister's Office (EIDPMO) has set bold targets for the energy sector to realise the sector's full potential, conscious that these will require sustained passion and a significant mobilization of efforts. As before, the Government of His Majesty the Sultan and Yang Di-Pertuan of Negara Brunei Darussalam through the EIDPMO works hand in hand with its local, regional and international, private and public partners, to ensure that a welcoming and conducive investment environment continues to flourish.





Energy Highlights




Walking the talk: The Siemens way

BRUNEI has been an attractive market and the company believes the Sultanate has a bright future, says Dr Armin Bruck, President and CEO of Siemens Pte Ltd. Continue...


BSP, Sikorsky celebrate civil operator milestone

BRUNEI Shell Petroleum Co Sdn Bhd (BSP) was recently presented with a commemoration plaque by the Lockheed Martin helicopter company, in honour of its ‘50 Years of Continuous Service with Sikorsky Helicopters’. Continue...


Brunei’s trade balance B$376.9 million in February

BRUNEI Darussalam’s trade balance for February was recorded at $376.9 million, according to a press release from the Department of Economic Planning and Development (JPKE), Prime Minister’s Office. Continue...


BIBD provides support for AMBD National Savings Day

TO FURTHER support activities by the Autoriti Monetari Brunei Darussalam (AMBD) to raise a generation that is equipped with real-life skills and is financially independent, Bank Islam Brunei Darussalam (BIBD) recently participated in AMBD’s National Savings Day roadshow that was held at the Community Hall in Belalong, Temburong. Continue...


Major Focus Of 2017-2018 National Budgets

The welfare and well-being of the country's citizens and residents are always the Government's top priorities. The Government also strives to ensure these will continue to be enjoyed by the people of today and the future generations. Continue...


​​​Oil Prices


 

​Commodity
​Units ​Price ​Change ​%Change ​Contract
​Crude Oil (WTI)
​USD/bbl 49.29-0.27
-0.54%

Jun 17
​Crude Oil (Brent)
​USD/bbl 51.85-0.25-0.48%
Jun 17
​TOCOM Crude Oil
​JPY/kl 35,820.00 +290.00 +0.82%
Sep 17
​NYMEX Natural Gas
​USD/MMBtu 3.04 -0.01 -0.23%  May 17

 Source: Bloomberg