13 January 2021Current and Future Skills in the Oil and Gas Industry: Towards the Expansion of Brunei Downstream Energy Sector
Brunei Darussalam continues to create new economic opportunities to diversify the country's economy. Alongside other sectors, the downstream oil and gas sector plays an important role in reshaping the country's economic landscape and boosting resilience during a time of global oil market uncertainties. The downstream sector recorded a significant increase of 433.5% between Q3 2019 to Q3 2020.
15 September 2020Brunei Fertilizer Industries to be One of the Largest Fertilizer Plant in Southeast Asia
In recent years, the demand for refined petroleum products is ever increasing, resulting in major expansion of the downstream industries globally. In light of that, Brunei Darussalam has embarked on a large-scale investment of downstream projects, creating opportunities for export markets and domestic industries. One of the country's mega downstream projects, currently under construction is the ammonia and urea plant operated by Brunei Fertilizer Industries Sdn Bhd (BFI). The construction of BFI's state-of-the-art plant on a 55-hectare site in Sungai Liang Industrial Park (SPARK) began in May 2018 and is scheduled for first urea production by Q2 2021 as highlighted in His Majesty's Titah in conjunction with His Majesty's 74th birthday celebration. The BFI plant is majority-owned by the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam.
01 August 2020i-Usahawan Milestones
The i-Usahawan Programme was launched by His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam on 1st August 2018 in conjunction with the 13th National Youth Day Celebration, as a new initiative to provide business opportunities for aspiring local youth entrepreneurs to competitively participate in low risk (ring-fenced) contracts or tenders. The program began with 30 contracts from the oil and gas industry, and has since grown to include 42 energy sector contracts, from Government, Government Linked Companies (GLCs) and Statutory Bodies. Several more are also being identified for other sectors. The awarded contracts are run and managed by 100% locals, from the owners down to the management and employees of the businesses
15 July 2020Notable development of the Oil and Gas sector over the past year (2019/2020)
Since the discovery of oil in 1929, the Oil and Gas industry has grown with strength to become the largest and most mature economic sector in Brunei Darussalam. It accounted for nearly 60% of the country’s Gross Domestic Product and 90% of exports in 2019. The Ministry of Energy has played a pivotal role in development of hydrocarbon reserves as the country’s main source of revenue. In the recent years, the Oil and Gas industry has seen major milestones particularly in the expansion and diversification of its downstream sector. This is in line with His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah ibni Al Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, the Sultan and Yang Di-Pertuan of Brunei Darussalam’s titah in conjunction with His Majesty’s 71st birthday celebration, whereby His Majesty highlighted the need for continuous efforts to boost economic growth through the entries of Foreign Direct Investments (FDIs) and growth of Micro, Small and Medium Enterprises (MSMEs). Towards achieving economic growth, His Majesty also stressed greater collaboration between the private and public sectors. As such, these remain at the heart of the Ministry of Energy’s mission.
05 May 2020The World's First International Hydrogen Supply Chain realised between Brunei and Japan
The World's First International Hydrogen Supply Chain between the Government of Brunei Darussalam and Japan reached a milestone after successfully extracting H2 from a liquid organic hydrogen carrier (LOHC) shipped from Brunei. The demonstration project is operated by the Advanced Hydrogen Energy Chain Association for Technology Development (AHEAD) led by the Japanese consortium, which includes Japanese conglomerates Mitsubishi, Nippon Yusen, Mitsui and Chiyoda Corp.
18 April 2020Installation of Solar Photovoltaic Rooftop and Energy Auditing Programme in Temburong District
The Ministry of Energy through its Sustainable Energy Division have recently introduced two sustainable energy related-projects – 8KW solar photovoltaic rooftop installation project and energy auditing programme in Temburong District. The projects aim to encourage the deployment of the renewable energy technologies as well as to ensure that the energy saving opportunities are prudently optimized in Temburong District. These projects will support the Temburong Development Authority (AKDT) initiatives and project masterplan.