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Wenchang, Hainan Takes Flight as the Visionary “City of the Future” Igniting a Thriving Aerospace Industry

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WENCHANG, CHINA – Media OutReach Newswire – 9 February 2024 – On January 17th 2024, the Long March-7 Y8, carrying the Tianzhou-7 cargo spacecraft, was successfully launched. An increasing number of “space fans” are coming to Wenchang, Hainan Province, the site of China’s youngest spaceport, to see the rockets, and the city’s space-themed tourism is becoming more and more popular. The 2,100-year-old town in the northeastern part of Hainan Island is becoming “China’s version of Cape Canaveral”.

Tourists watch a rocket launch at Qishui Bay, Longlou Town, Wenchang.

In recent years, Wenchang has been actively exploring the “aerospace +” model to develop tourism. Facilities such as seaside B&Bs and local featured farmhouses have been built in response to the trend, and an aerospace tourism town is now taking shape. When rocket launches and tropical island scenery perfectly combine, the former hometown of overseas Chinese has undergone tremendous changes- transforming into a well-known destination of aerospace coastal tourism in China.

Wenchang has attracted many young photographers to “chase rockets” whenever there is a launch. In their opinion, this is the closest that ordinary people can get to space. “No matter how many times I watch a rocket launch, I’m always deeply moved to tears” said space photographer and sophomore at Northwest Minzu University Tang Muzhi. He added that he hoped his photos would attract more people’s attention and love to space.

Zhang Zuoxing, also a photography enthusiast, wanted to share this mind-blowing experience to more people and set up “Walking at 20”, a youth travel organization, after graduating from university in 2020 with his friends. They aim at providing immersive trips and social opportunities for young people. The “Wenchang Rocket Chasing Tour” has become the company’s best product. Watching rockets in the gentle sea breeze has become a must experience for many tourists in Wenchang.

According to Ye Sheng, in charge of Longlou Town, Wencheng, which has a population of only 27,000, it transpires that they have received more than 1.5 million tourists in the past two years because of the aerospace industry. Over 9,000 jobs have been created, and the aerospace tourism industry has achieved an increase in annual income of 15 percent. Local people have benefited greatly as more and more aerospace-themed cultural and tourism activities are being held there. Their door to the outside world has been truly opened, bringing in new knowledge and understandings.

“During important holidays and launches, we are always fully booked.” said You Zhuo, who runs the Wenchang Ruoyuan Yuanshe B&B. Take an example of the launch of the “Wentian” laboratory cabin module in July 2022, this single event brought more than 200,000 tourists to Longlou Town, creating a boom in demand for hotels, B&Bs, restaurants, and other related services. Some hotels even achieved record revenues of more than one million yuan in a single day.

B&Bs along the coast of Qishui Bay, Longlou Town, Wenchang, where people can watch a rocket launch on the balcony of their accommodation or on the beach. Photo credit: Guo Cheng, Xinhua News Agency

Thanks to the aerospace industry, a very distinctive tourism sector has been developing in full swing, supporting the businesses of local B&Bs, farmhouse stays, leisure fisheries, sightseeing industries, science tours, and other touristic offers. At the same time, aerospace communities, aerospace schools, aerospace markets, and other supporting facilities have been gradually improved as well.

Rocket launches have not only brought a “tourism craze” to Wenchang and improved the living standards of local residents, but also driven the transformation of the city’s industrial system.

As China’s only commercial space launch site, Hainan commercial launch site is the major infrastructure project of Wenchang International Aerospace City, which will be able to launch regularly in 2024. So far, public platforms for aerospace science and innovation, such as the satellite assembly and testing plant, rocket assembly plant, and aerospace supercomputing center, have been completed and gradually put into use.

Liu Chong, Mayor of Wenchang, said that Wenchang will gradually form its industrial advantage based on the commercial aerospace industry, accelerate the construction of the industrial system of “three chains” (rocket chain, satellite chain, and data chain) and the “aerospace +”, while continuing to drive the transformation and upgrading of the traditional advantageous industries such as Wenchang chicken, coconuts, and fishery.

It is foreseeable that the “aerospace craze” based on the “aerospace effect” will drive more industries to gather and grow in Wenchang, and China’s commercial aerospace industry will usher in a brilliant new chapter in the future.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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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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