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Hambantota Port breaks ground for ‘Hope Village’ in Kandagasmankada

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Hope Village

Hambantota, 27th May 2022…The Hambantota International Port Group (HIPG) marked the symbolic beginning of their flagship community development project, ‘Hope Village.’ This venture which has a budget of over Rs. 60 million, will in its initial stage include a community centre, health centre, agriculture centre, playground facilities as well as financial assistance to the village temple in Kandagasmankada, a village in the Lunugamwehera Division of the Hambantota District.

Ambassador for China to Sri Lanka Qi Zhenhong, was the Chief Guest at the foundation laying ceremony held at the project site. The Management team of HIPG attended the event together with the representatives of Colombo International Container Terminal (CICT) and the Nirmala Foundation.  Galapitagala Premarathana Thero, Chief Incumbent of the Kandagasmankada Rajamaha Viharaya; Chinese Ambassador Qi Zhenhong; Jack Huang, CEO CICT; Representatives from Divisional and District Secretariats; C. Wickramaratne, OIC Lunugamwehera Police Station, Johnson Liu, CEO HIPG; Tissa Wickramasinghe, COO HIPG; Raymond Mu, CFO HIPG; Ravi Jayawickreme, CEO HIPS; Senior staff of HIPG and villagers participated in breaking ground to lay the foundation for the project.

Speaking at the ceremony, Ambassador Qi Zhenhong said, “The friendship between China and Sri Lanka dates back over twenty centuries. It is deeply rooted in the hearts of the two nations no matter how the domestic and international situation changes. China and Sri Lanka have been helping each other during difficult times and China will continue to do so in the future. In addition, China wishes to assist Sri Lanka in poverty alleviation. The Hope Village initiative towards uplifting the wellbeing of villagers will be successful with a mutually beneficial partnership”.

The ambassador presented the IT Lab of the village community centre, which will be named ‘China Sri Lanka Friendship IT Education Centre,’ with preliminary IT equipment, which was a highlight of the event. He also distributed toys amongst the village kids. In addition to the Hope Village sponsorship, the HIPG and CICT teams made a cash donation to the village temple.

The ‘Hope Village’ concept, a development model village that will benefit marginalised communities, is a collaboration between China Merchant Foundation (CMF) the CSR arm of HIPG’s and CICT’s global partner, China Merchant Group, and the Nirmala Foundation, a non profit organisation working for positive change.  CMF is the sponsor of the project which will be owned by the Nirmala Foundation, and monitored by the Divisional Secretariat of Lunugamwehera. HIPG and CICT teams are the facilitators of the project.

Johnson Liu, CEO of HIPG said, “I always believe it is our duty to look into our immediate neighbourhood at both micro and macro levels to see how we could be of service. Our aim is to develop the ‘Hope Village’ concept into a desirable residential level with fully-fledged facilities and help villagers develop their livelihoods under a cooperative model. The purpose is to uplift the rural community and improve living conditions of people in the area. While being mission driven to become a customer-centric seaport and a platform for business excellence, we at HIP, are pleased to connect our business success with our local community. This is the foundation of our Green Development concept, and I truly believe the Hope Village project will be a positive contribution to the local community.”

The CEO outlined the objectives of the project to the Ambassador and delegates and the ways in which the ‘Hope Village’ would benefit approximately 2,170 residents of Kandagasmankada.  He said, amongst the many reasons HIPG selected the village for their pilot model was it being the highest populated in the Hambantota district, and the largest contributor to the agricultural sector within the Lunugamwehera division. 

The ambassador and entourage were then invited to visit a village home where they spent some time getting to know the residents. The ceremony ended with the residents of Kandagasmankada treating the invited guests to a display of their agricultural produce and homemade refreshments.

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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