His wealth is derived from Brunei's oil reserves, enabling him to lead an extravagant lifestyle with a grand palace, private jet, and luxury celebrations, such as Michael Jackson's exclusive concert.

Brunei's economic growth is forecast at 2.6 per cent in both 2025 and 2026, according to the Asean+3 Macroeconomic Research ...

BANDAR SERI BEGAWAN, April 17 (Xinhua) -- Hibiscus Petroleum via its wholly-owned subsidiary, Simpor Hibiscus Sdn Bhd, has entered into a long-term 100 million U.S. dollar financing facilities ...

Shell Nigeria Exploration and Production Company (SNEPCo) has been named Major Oil Company of the Year for 2023 ...

The standoff over Sandy Cay, which lies close to military outposts built by both Beijing and Manila, was the latest between ...

Oil prices saw a notable weekly gain as markets reacted positively to geopolitical and trade developments. Brent and US crude futures ...

The PV Drilling 8 rig, newly acquired in 2024, is slated to commence operations in Vietnam by September, while PV Drilling 6 ...

Brunei has rich oil reserves hence it is one of the wealthiest nations in the world. One of the most well-known symbols of the Sultan’s wealth is his residence, Istana Nurul Iman, which cost ...

but most discovered oil and gas are in uncontested areas. China claims almost all of the South China Sea as its own, but this is disputed by the Philippines, Malaysia, Vietnam, Indonesia and Brunei.