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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




Brunei hailed for perfectly preserved peat bogs

BRUNEI Darussalam’s peat bogs have been regarded as one of the last perfectly preserved wetlands in the world where the peat is still growing, largely because the Sultanate has resisted the lure of the palm oil market, a study found. Continue...


Young brains behind CrowdSource app seek more innovative ways to donate online

A CROWD-FUNDING platform called ‘CrowdSource’ was recently named the winner of the open category in the first National ICT Hackathon at the Design and Technology Building in Anggerek Desa, earning a $20,000 start-up grant for the young team members. Continue...


BGC holds Iftar gathering for children with special needs

IN CONJUNCTION with the holy month of Ramadhan, Brunei Gas Carriers Sdn Bhd (BGC) yesterday held its 6th Iftar event for 50 special needs students from the Down Syndrome Association (ABLE) and the Society for the Management of Autism Related issues in Training, Education and Resources (SMARTER) Brunei at the Royal Brunei Recreation Club (RBRC). Continue...


Duo win B$20,000 grant for ‘E-Route’ project

TWO local students recently won a start-up grant worth B$20,000 for an app they developed that provides people with real-time tracking of buses to find updated bus routes, bus stop locations and seat availability. Continue...


Mashhor group cleans up Belait cemetery

A CAMPAIGN involving over 30 employees from Mashhor Waste Management Sdn Bhd (MWM) and Mashhor Cleaning Services Sdn Bhd (MCS) to clean up the Hujung Tanjung Muslim cemetery in Kuala Belait was held recently. Continue...


​​​Oil Prices


 

​Commodity
​Units
​Price
​Change ​%Change ​Contract
​Crude Oil (WTI)
​USD/bbl 42.66+0.13
+0.31%

Aug 17
​Crude Oil (Brent)
​USD/bbl 44.93+0.11
+0.25%
Aug 17
​TOCOM Crude Oil
​JPY/kl 31,350.00 -560.00 -1.75%
Nov 17
​NYMEX Natural Gas
​USD/MMBtu 2.90 +0.00 +0.14%  Jul 17

 Source: Bloomberg