[5] Due to a lack of personnel, Brunei does not want to create a state oil corporation; nevertheless, the government does intend to raise its stake in BSP and solidify its influence over the energy industry.

[6] The Petroleum Unit, a division of the Prime Minister's Office, plays a crucial role in formulating policies for production, conservation, and pricing, while also overseeing Brunei Shell companies through board participation.

[8] In 1922, BMPC began oil exploration in Labi, Brunei, where previous attempts by other companies had failed to yield significant results.

[10] By 1949, BMPC had expanded its exploration efforts to include Brunei Town (now Bandar Seri Begawan), Tutong, and the areas between Seria and Labi.

In 1966, concerns arose that the Sultan might retaliate against British actions by denying concessions to Shell and withdrawing sterling reserves from the Bank of England.

[15] When oil prices started to decline in 1985, Japanese customers lost faith in Brunei's long-term contract and demanded a review of the agreement.

In a similar vein, the Bruneian government owns 50% of BCG, which was established in 1977 to manage LNG marketing, while BSP and Mitsubishi each control a third.

[13] In the 1960s, significant gas reserves were discovered beneath the waters of Brunei, marking the beginning of a new era for the nation's energy sector.

To capitalise on this discovery, a large-scale liquefaction plant was constructed, paving the way for the export of LNG, which significantly boosted Brunei's economic growth.

[17] LNG transportation commenced in 1972 with the first shipment to Japan,[18] carried by the SS Gadinia,[19] one of seven G-class ships operated by Shell Tankers UK.

In 1986,[20] Brunei Shell Tankers (BST) was established to manage the fleet of seven French-built G-class LNG carriers, which were later renamed after local fish and shellfish: Bebatik, Bekalang, Bekulan, Belais, Belanak, Bilis, and Bubuk.

This marked the beginning of the B-class fleet era, which spanned 46 years and played a pivotal role in Brunei's export-oriented energy sector.

[22] The management of Brunei's LNG fleet is overseen by a collaborative team of local BGC staff and Shell International Trading and Shipping Company employees.

The facility, which was built with assistance from Brunei Shell, Air Products and Chemicals, and Nippon LNG KK, is an example of transnational cooperation.

It was constructed at an estimated cost of B$600 million and includes a 4.5 kilometres (2.8 mi) dock with stainless steel tubes for gas transportation and a unique water purification system.

[3] BSM was founded in 1974 to distribute oil and gas products within Brunei and is jointly owned by the government and Shell, with its headquarters located in Bandar Seri Begawan.

The company operates 21 petrol stations across the country, all supplied by its network, with fuel prices regulated by the government to remain low by international standards.