National News World National News World Brunei economy contracts 1.4% for second straight quarter Oil and gas sector continues downward spiral in first quarter of 2021 but services sector rebounds after a year of negative growth July 21, 2021 BANDAR SERI BEGAWAN – Revenue losses in the oil and gas industry continued to hurt the Brunei economy in the first quarter of…
News National Business News National Business Over 1,000 ageing oil wells to close in next 30 years Decommissioning of oil facilities is expected to be a lucrative industry in Brunei June 28, 2021 BANDAR SERI BEGAWAN — Over 1,000 ageing oil wells and platforms are expected to be dismantled in the next 20 to 30 years,…
News National News National Gov’t to enforce new energy efficiency rules in June 2022 New energy regulations will help users lower power bills, says energy ministry June 24, 2021 BANDAR SERI BEGAWAN — Brunei will enforce new laws to promote the use of energy-efficient electrical appliances in June 2022, the energy minister…
News National News National Former Royal Customs building to house new oil & gas exhibition hall MCYS collaborates with energy sector partners to showcase history and future of petroleum industry May 5, 2021 BANDAR SERI BEGAWAN — The former Royal Customs and Excise Building at the Royal Wharf will be turned into an interactive exhibition hall…
News National Business News National Business Brunei begins exploratory drilling in deepwater wells Gov't hopes to triple oil production in next 5 years March 30, 2021 BANDAR SERI BEGAWAN – Brunei Shell Petroleum (BSP) and Shell Exploration and Production Brunei (SEPB) are making final preparations to drill deepwater exploration wells…
News Legislative Council National News Legislative Council National All four districts to operate solar power plants within 5 years Energy ministry eyes Hengyi expansion in 2022 as oil and gas sector expected to increase output March 22, 2021 BANDAR SERI BEGAWAN — Brunei will build three new solar power plants within the next five years as part of its transition from…
News National Business News National Business Brunei GDP declines 1.4% in Q4 2020 Oil and gas sector reports negative growth in all four quarters of 2020 but downstream sector maintains positive momentum March 19, 2021 BANDAR SERI BEGAWAN – The Brunei economy shrank 1.4 percent in the final quarter of last year, ending its run of positive growth…
News National Business News National Business Brunei’s economic growth slows to 0.5% in third quarter 2020 The downstream sector remains the top performer while the upstream sector reports more revenue losses January 5, 2021 BANDAR SERI BEGAWAN – Brunei posted a slower economic growth of 0.5 percent in the third quarter of 2020 even as the downstream…
Business News National Business News National AMBD: Petrochemical activities biggest driver of economic growth in first half of 2020 Inflation is likely to ease in 2021 after reaching a 12-year high in June 2020 January 3, 2021 BANDAR SERI BEGAWAN – A whopping 594.7 percent rise in petrochemical production has contributed to a GDP growth of 2.6 percent year-on-year in…
News National Business News National Business Rising petrochemical exports offset COVID-19 impact as Brunei economy grows 2.8% in Q2 The Brunei economy fared better than expected but aviation and hotel sectors suffer major losses October 27, 2020 BANDAR SERI BEGAWAN – The Brunei economy grew 2.8 percent in the second quarter of 2020, buoyed by increased exports of petrochemical products…