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Wah Kwong NatPower JV, SPG join forces on shore power, ship charging projects

Wah Kwong NatPower Holdings Limited (WK NatPower), a new joint venture between Hong Kong-based shipowner Wah Kwong and the UK-based clean energy enabler NatPower Marine, and Shandong Port Group (SPG), a Chinese state-owned port company, have signed a strategic memorandum of understanding (MOU) to develop large-scale shore power and ship charging projects. The post Wah Kwong NatPower JV, SPG join forces on shore power, ship charging projects appeared first on Offshore Energy.

ADES sweetens Shelf Drilling merger deal with enhanced cash offer

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has tightened its grip on 33 jack-up rig additions to its fleet by revising its cash merger offer to bring the UAE-based Shelf Drilling into its fold. As a result, more than half of the shareholder base has endorsed the takeover bid. The post ADES sweetens Shelf Drilling merger deal with enhanced cash offer appeared first on Offshore Energy.

Eco streamlining Namibian portfolio for deepwater focus

Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin, has undertaken several activities aimed at optimizing its assets offshore Namibia. The post Eco streamlining Namibian portfolio for deepwater focus appeared first on Offshore Energy.

HD Hyundai’s safety solution for ammonia-fueled ships gets KR’s stamp of approval

Classification society Korean Register (KR) has granted approval in principle (AIP) for Hi-CLEARS, a safety solution for ammonia-fueled ships, developed by the affiliates of South Korean conglomerate HD Hyundai – HD Hyundai Heavy Industries (HD HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE). The post HD Hyundai’s safety solution for ammonia-fueled ships gets KR’s stamp of approval appeared first on Offshore Energy.

Renault joins UECC’s initiative to cut emissions through bioLNG use

French automobile manufacturer Renault Group has signed up to participate in United European Car Carriers’ (UECC) Sail for Change fuel-switching program, making it the fifth automotive manufacturer to join the pioneering initiative that has seen major reductions in emissions through bunkering of liquefied biomethane on UECC vessels. The post Renault joins UECC’s initiative to cut emissions through bioLNG use appeared first on Offshore Energy.