'oil and gas' Stories

Oil prices hit 14-year highs on Russia oil ban talks, Iran deal delay Analysts say a prolonged war in Ukraine could push Brent above US$150 per barrel

March 8, 2022

BENGALURU (Reuters) – Oil prices jumped on Monday to their highest levels since 2008 as the United States and European allies considered banning…

Brunei to ramp up hydrocarbon output after new oil discovery Energy sector expected to recover in 2022 as oil prices jump to seven-year high

March 2, 2022

BANDAR SERI BEGAWAN – Brunei plans to ramp up production in the upstream and downstream oil and gas sectors after discovering 42 million…

CSPS: Brunei economy projected to grow 3.7% in 2022 Downstream oil and gas sector expected to lead economic recovery as petrochemical products now make up majority of country's exports

January 26, 2022

BANDAR SERI BEGAWAN – The Brunei economy is forecast to bounce back from recession to post a positive growth of 3.7 percent this…

Opinion

Opinion

Weaning Brunei off oil With depleting oil reserves and vulnerability to fluctuating energy prices, Brunei's economic diversification cannot come soon enough.

January 17, 2022

As a resource-rich country, Brunei Darussalam’s economy depends heavily on developments in the oil and gas sector. The Bruneian authorities have — for…

Economic woes continue to batter Brunei as oil output hits record low Brunei economy struggles to recover with 2.2% contraction in Q3 2021 amid second COVID wave

January 11, 2022

BANDAR SERI BEGAWAN – Brunei’s crude oil production plunged to a record low in the third quarter of 2021 as the second COVID…

Central bank: Brunei to end 2021 with ‘subdued’ economic growth Sluggish economy has been attributed to lower oil output and pandemic disruptions

December 25, 2021

BANDAR SERI BEGAWAN – The Brunei economy is expected to end the year on a low note as it deals with the spillover…

Brunei economy slides into recession after worst quarter in three years Underwhelming performance of oil and gas sector continues to weigh down on economy

October 11, 2021

BANDAR SERI BEGAWAN — The Brunei economy slid deeper into recession after posting its largest quarterly contraction in three years amid persistent oil…

Economic diversification gathers pace as oil reliance wanes: CSPS Brunei should make use of its competitive advantage in energy sector and expand into niche markets, says think tank

August 4, 2021

BANDAR SERI BEGAWAN – Brunei has made “substantial progress” in diversifying its oil-driven economy in recent years, and should continue harnessing its strengths…

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…

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,…

Tag: oil and gas