Author Archives: Colene Woolcott

  1. Penspen Reports $106 Million Worth of New Contract Awards Secured in First Half of 2024

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    Company’s comprehensive engineering expertise helps improve energy access for communities worldwide

    A Penspen employee inspecting pipework on site.Penspen today announces a positive start to the fiscal year with $106 million awarded in new contracts during the first half of 2024, a 30% increase on the same period in 2023.

    Key highlights:

    • Middle East and Africa region: 19 new contracts with a total value of $80 million including study, FEED, detailed design, integrity assessment, fitness-for-service (FFS Assessment), project management supervision and consultancy service, and an energy transition framework agreement.
    • UK and Europe region: 58 new contracts with a total value of $12 million including engineering design services for hydrogen infrastructure, gas network maintenance services, gas transmission pipeline integrity services, and fuel management and bulk storage modification engineering services.
    • North America and Latin America: 31 new contracts with a total value of $13 million including projects for the implementation of integrity management systems, integrity advisory services for gas transportation systems paired with digital data management, corrosion monitoring services, evaluation of cathodic protection systems, and multi-contract field operations.

    Peter O’Sullivan, Penspen CEO, said: “We are delighted to report strong growth in sales and revenues in the first half of 2024 across all regions. Our strategy to support our clients navigate the evolving energy landscape and to have a positive impact on their businesses and surrounding communities continues to deliver positive results.

    “The first six months of the year, we have seen substantial growth in our asset integrity service line and our digital platform, THEIA, in Latin America, with the opening of our first base in Peru in March 2024 to support new contract awards. In the UK and Europe, we’re seeing a focus on strategic energy security work, including the repurposing of critical infrastructure for hydrogen and the development of distribution and transmission networks for future fuels, while we continue to experience growth in our aviation fuelling portfolio. Indeed, in this region our engineering and project management service line work is now split almost evenly between energy transition and energy security scopes.

    “Using our extensive expertise in engineering, project management, asset management, asset integrity, and digitalisation, we are well positioned to deliver projects which support decarbonisation in all our key markets.”

    Neale Carter, Executive Vice President – East Region, added: “Penspen’s regional business continued to record a strong commercial and operational performance during the first half of 2024, delivering on our commitment to support our clients develop new energy assets, improve the productivity and efficiency of existing assets, and ensure maximum returns on their investments.

    “Our presence in the Middle East has been strengthened by the growth of our workforce in the Kingdom of Saudi Arabia, where we have witnessed increasing demand for our engineering and project management services on both new and existing energy projects since opening our regional headquarters there in 2023.

    “It is clear that our team’s dedication to providing high-quality, innovative consultancy services that address our client’s most challenging requirements is not only contributing to the successful growth of our business, but supporting energy security, supply and affordability both nationally and internationally.”

    For media enquiries, please contact:

    • Mike Newby, Energy PR: mike@energypr.co.uk

  2. Penspen Strengthens Latin American Presence with New Strategic Base in Peru

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    A Penspen employee in Mexico carries out an inspectionFirst facility in Lima signifies regional growth for international engineering consultancy

    Penspen, a leading global energy consultancy, has opened a new strategic base in Peru following significant growth in the Latin American region.

    Penspen chief executive officer Peter O’Sullivan commented: “Latin America continues to be a strategically important region for Penspen, and we believe that having our people closer to our clients in Peru will enable us to provide them with an enhanced service. We also look forward to developing partnerships with local organisations, industry associations and educational institutions that have regional and global energy ambitions where Penspen can bring them the benefit of our international experience and broad sectoral expertise.”

    The branch has opened initially with 10 employees, headed up by Project Manager Percy Coca, with plans for future growth.

    With this new base, Penspen aims to deepen its relationship with clients in the Andean region, complementing Penspen’s existing Latin American presence in Villahermosa, Mexico and in Bogotá, Colombia, where more than 50 employees provide asset integrity, engineering and project management consulting, and pipeline integrity digitization solutions for the energy industry.

    Asset integrity expertise positions consultancy for continued growth

    Gustavo Romero, director of LATAM operations at Penspen said the expansion into Peru enables the company to offer an even wider range of services in the region, including advanced corrosion analysis thanks to a dedicated corrosion laboratory on site.

    “Opening a base in Peru demonstrates our continued commitment to support our clients in Latin America whilst strengthening our strategic vision to improve access to secure and sustainable energy for communities worldwide,” said Mr Romero.

    “As a leading provider of asset integrity services in Latin America, we continue to see increasing demand for our specialist services across traditional hydrocarbon intensive industries and renewables, particularly in corrosion assessment and management. Our internationally certified engineers are experienced in a comprehensive range of inspection techniques, geotechnical analysis, cathodic protection, and ongoing maintenance programs, whether risk-based, preventative or corrective.”

    He continued: “We are also uniquely placed to be able to support our clients with regulatory compliance thanks to our digital pipeline integrity management platform, THEIA. As operators prepare for upcoming deadlines such as Mega Rule, our engineers can support their integrity teams to not only ensure compliance but consolidate years of historical data sets in one holistic platform to enhance decision making for future inspection and maintenance programs.”

    Operating for more than 70 years, Penspen employs over 1,100 people and has offices in Mexico, Colombia, Peru, the United Kingdom, the United States, the United Arab Emirates and the Kingdom of Saudi Arabia.

    For media inquiries, please contact:

  3. Penspen and Pipelinelogic Partnership Aims to Enhance Asset Integrity to Meet Mega Rule Compliance

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    An image of Brian Ellis and Brandon Alexander.Penspen, a leading global energy consultancy dedicated to improving access to sustainable energy for communities worldwide, has announced a strategic partnership with asset integrity services specialist pipelinelogic to support pipeline operators in North America enhance their integrity management programs and prepare for the energy transition while adhering to existing and upcoming regulatory requirements – including the gas Mega Rule.

    With a regional headquarters in Houston, Texas, Penspen is a global energy consultancy with over 1,100 employees operating in key regions across the world. The company has over 70 years’ experience and specialises in consulting, project, and engineering solutions across the entire energy project lifecycle.

    Meanwhile, Colorado-based pipelinelogic specialises in the design, implementation, and optimisation of pipeline integrity management programs, providing high quality data with practical tools, thorough knowledge of regulatory compliance issues, and a deep understanding of integrity engineering.

    The two companies aim to revolutionise the pipeline integrity management landscape in North America.

    Brandon Alexander, Penspen’s North America Director said: “The partnership of Penspen and pipelinelogic brings together global expertise and local delivery to provide industry-leading asset integrity services that leverage digital pipeline management solutions, supporting operators as they prepare for upcoming enforcement of key industry regulations.”

    The Pipeline and Hazardous Materials Safety Administration (PHMSA) introduced the Gas Mega Rule in 2020, which aims to improve pipeline safety and reduce the frequency of natural gas pipeline failures. 100% compliance must be achieved by 2035, so operators must understand the impact of these regulations on their operations and take the necessary steps to comply.

    Brian Ellis, President at pipelinelogic commented: “Compliance with industry regulations is not only a regulatory and legal requirement but also a moral obligation for pipeline operators to maintain the social contract to safely operate pipelines that deliver energy to global communities daily.

    “Operators in North America face an upcoming deadline in 2035 to achieve compliance with the regulations as outlined in the Mega Rule. The strategic partnership between Penspen and pipelinelogic will provide these operators with the pipeline integrity management solutions required to ensure the integrity and safety of their onshore steel transmission pipelines, mitigating risks and maintaining regulatory compliance.”

    Digital platform provides real-time data to enable decision-making and risk mitigation

    The Mega Rule regulation states operators must have traceable, verifiable, and complete (TVC) pipeline records, confirm the Maximum Acceptable Operating Pressure (MAOP) for the pipeline, and have plans in place to regularly assess Moderate Consequence Areas (MCAs).

    By integrating material data, inline inspection results, weld and seam type information, along with geographic data, Penspen’s digital pipeline integrity management system, THEIA, streamlines compliance processes, enhances analytical capabilities, and ensures the safety and reliability of transmission pipelines.

    Mr Alexander added: “Managing vast amounts of data related to regulatory compliance, conducting regular inspections, and ensuring timely reporting adds another layer of complexity to compliance efforts. Failure to comply with regulations can result in severe consequences, including fines, legal liabilities, and reputational damage.

    “THEIA centralises critical asset information in one powerful tool, providing operators with the real-time data to effectively mitigate risks, prevent regulatory penalties, and maintain the integrity of pipeline assets in accordance with regulatory standards.

    Mr Ellis added: “Our combined capabilities, integrating complex engineering principles with innovative digital solutions, enable Penspen and pipelinelogic to deliver top-tier holistic pipeline integrity management solutions to our valued clients in North America.”

    For media inquiries, please contact:

  4. Penspen Reports $81 Million Worth of New Contracts Secured in First Half of 2023

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    Company’s comprehensive engineering expertise helps improve energy access for communities worldwide

    Penspen today announces a positive start to the fiscal year with $81 million awarded in new contracts during the first half of 2023.

    The company’s latest financial results underscore the trust that energy companies place in Penspen’s ability to deliver tangible results by addressing complex industry challenges, optimising the performance of assets, and maximising value across the full energy value chain – from initial concept through to sustainable operations.

    Key Contract Awards:

    • 28 new contracts with a total value of $67 million in the Middle East and Africa Region for our Engineering, Project Management Consultancy, and Asset Integrity Service Lines, including Study, FEED, Detailed Design, Integrity Assessment, Risk Based Inspection, Project Management Supervision and Consultancy contracts for National and International Energy companies as well as EPC contractor clients
    • 91 new contracts with a total value of $5 million in the UK and Europe across the Asset Integrity, Asset Management, and Engineering service lines including continuing work on a CO2 pipeline for carbon capture, pipeline design for a hydrogen infrastructure project, a site overhauls programme for a gas network, design of fuel farm and hydrant network for aviation, and multi-project contracts from major national energy companies
    • 36 new contracts with a total value of $5 million in North America and Latin America across the Asset Management and Asset Integrity service lines, including projects for the rehabilitation of cathodic protection systems, integrity advisory services for gas transportation systems including the use of our digital platform, THIEA, electrical interference studies for solar power installations, and multi-contract field operations services for a major US exploration and production company

    “We are excited about helping our clients to navigate the evolving energy landscape and to have a positive impact on their businesses and communities. As a result of our relentless focus on delivering the best technical support to help them get the most value out of their energy assets, we have seen strong growth in sales and revenues in the first half of 2023 across all of our regions,” said Peter O’Sullivan, Penspen CEO.

    “Penspen is proud of its contribution to the development of sustainable energy systems through the use of its deep experience and expertise. We look forward to continuing to work together with the industry to shape the future of the energy sector.”

    Neale Carter, Executive Vice President for the Middle East, Africa and Asia Pacific Regions, added: “Our regional business has achieved 30% year-on-year sales growth. This success is a testament to the focus, performance and dedication of our engineering teams and support staff. We are committed to continue delivering exceptional project value for our clients and advancing the development of assets to ensure a stable, secure and abundant supply of energy both nationally and internationally.”

    For media enquiries, please contact:

    • Roxie Nilsson, Global Director of Marketing & Communications, Penspen: r.nilsson@penspen.com

  5. Penspen Announces Launch of Energy Transition Consultancy

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    Low carbon and hydrogen-related projects at the forefront as company defines pathway to net zero.

    Penspen today announced the launch of its dedicated Energy Transition Consultancy – a multi-disciplinary centre of expertise to lead the international energy industry on the pathway to net zero emissions.

    The Consultancy brings together a range of industry-leading energy transition experts with the know-how to effectively advise clients on low carbon-related opportunities from a project financing and development, regulatory and infrastructure standpoint. The move further strengthens Penspen’s position as a trusted partner in the development and management of infrastructure across the energy sector, providing the technical knowledge required for the industry to reduce carbon emissions and produce cleaner energy across the globe.

    Penspen CEO Peter O’Sullivan said: “Our focus is to improve access to sustainable energy for communities worldwide. We face several challenges in doing that, whether related to the wider economy or to the scale of the investment in the energy sector required. The teams that make up our Energy Transition Consultancy have the broad range of skills required to help our clients navigate the challenges that lie ahead and achieve the goal of net zero emissions, no matter their location or stage on their decarbonisation journey.

    “By working together with operators and their supply chains, we are helping to find the solutions to these challenges, moving us towards a cleaner world with a brighter future from which we will all benefit. However, we need to develop the energy systems of tomorrow whilst continuing to deliver on the energy needs of today and will continue to support our clients in this regard.”

    Penspen’s energy transition work is built around four pillars of expertise: building new hydrogen & CO2 infrastructure, the repurposing of existing infrastructure for the energy transition, operating with hydrogen & CO2, and maintaining infrastructure to maximise its lifecycle. The company’s work in these four pillars spans a range of services, including: Engineering & Project Management, Asset Integrity, Asset Management, Digital Services, alongside the company’s Centre of Engineering Excellence.

    The teams that make up the Energy Transition Consultancy have been involved in many first-of-a-kind sustainability projects across the global energy industry, including:

    • Complete engineering and consenting for a large-scale hydrogen production hub
    • Hydrogen assessment feasibility study for a power station
    • Carbon capture and storage for an onshore/offshore operator
    • Hydrogen blending facility design for natural gas and transmission system
    • Fitness for service and fracture control for a gas transportation pipeline
    • Repurposing power stations for hydrogen
    • Cathodic protection programmes for solar power installations

    Penspen’s Energy Transition Consultancy Team is comprised of Senior Engineers and Consultants with extensive experience building low carbon fuel infrastructure, as well as talented young engineers developed through the company’s successful graduate programme.  This programme emphasises Penspen’s commitment to investing in growing the engineering talent pool to help further energy transition knowledge.

    Peter added: “Penspen have launched this consultancy in response to an increased focus on low carbon fuels such as hydrogen across the energy industry and to address the need to overcome the global dependence on fossil fuels. We believe a key factor in reducing hard to abate sources of carbon emissions, such as domestic heating, industrial heating and heavy vehicle transportation, will be the ability to reuse existing infrastructure at least initially.”

    The announcement comes following the recent COP27 conference in Egypt where Peter addressed delegates on hydrogen and the energy transition, sharing knowledge on how a significant scale-up of low carbon hydrogen is required to decarbonise hard to abate sectors – reducing both carbon emissions and production costs.

    Penspen is an active member of associations including World Hydrogen Leaders, Hydrogen Europe, Energy Industries Council, North West Hydrogen Alliance (UK), and Offshore Energies UK (OEUK), supporting building a brighter energy future through collaboration.

    To learn more about The Consultancy:

    Visit the Penspen Energy Transition Consultancy page.

  6. Penspen Supports Development of Next-Gen Engineers

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    Company graduate training program providing pathway to employment for talent 

    Leading global energy services company Penspen is demonstrating its continuing commitment to the United Arab Emirates with a tailored scheme to develop the next generation of engineers.

    Penspen’s proven expertise in delivering asset solutions at every project stage is providing energy companies with the technical knowledge to meet multiple challenges across the globe, and it is ensuring these skills are passed on to future generations with its Emirati Graduate Program. The scheme is specifically designed for graduates in the United Arab Emirates (UAE) and is delivered in partnership with Khalifa University, with the aim to help future engineers develop the technical competency and real-world experience required to succeed in their fields.

    Neale Carter, Penspen Executive Vice President for the Middle East, Africa, and Asia Pacific Regions said: “We are committed to investing in the Middle East both in terms of projects and people. The region is rich with engineering talent, and we are dedicated to helping graduates fulfill their potential as we all work towards improving access to safe, secure and clean energy supplies for the communities in which we work.”

    Since launching in 2020, 30 people have successfully completed the Emirati Graduate Programme, with more than 20 securing full-time positions with a major national oil company and other locally based energy sector companies, and one employed as a graduate engineer in the Penspen Engineering team in Abu Dhabi. Neale added: “We have established strong relationships with clients across the Middle East, and we will continue to deliver value through the local talent and knowledge we have with our graduates.

    “The programme provides graduates with the opportunity to start their careers from the strongest base possible, working alongside those with a deep knowledge of engineering, ensuring that Penspen knowledge and experience built up over many decades is fused with exciting new ideas. “We look forward to bringing this powerful combination to our clients as well as continuing to support the development of expertise in the UAE for the benefit of the people and the country.”

    Penspen recently announced it had been awarded nearly 30 global contracts in the second quarter of 2022, which followed positive operational momentum from the start of this year.

    Want to learn more about the program?

    Visit our Emirate Graduate Program page here to learn more.

  7. Commemorating Her Majesty Queen Elizabeth II

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    Her historic long reign and dedication of service will live on as an inspiration for generations to come


    We are deeply saddened by the passing of Her Majesty Queen Elizabeth II, an extraordinary monarch, leader, and woman.

    The Queen ruled for longer than any other monarch in British history, becoming a much loved and respected figure across the globe.
    For over 70 years her dedication and unprecedented life of service brightened millions of people’s lives in the UK, across the Commonwealth, and beyond.

    We offer our heartfelt condolences to the Royal Family at this time of grief and send our sincere gratitude for the historic reign of The Queen – an inspiration to all for generations to come.

    To learn more about The Queen’s long life and reign, or to send a message of condolence, please visit https://www.royal.uk/

     

  8. Penspen Reports $48 Million Worth of New Contracts in Second Quarter 2022

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    Company helping develop and safeguard global energy access

    Leading global energy services company Penspen has continued its momentum in the second quarter of this year, growing the business with the award of more than 27 new contracts totalling $48 million across the international energy market.

    While the industry responds to global requirements for energy access amid high commodity prices and the need to ensure availability of energy sources at an affordable price, Penspen’s proven expertise in delivering asset solutions at every project stage is providing energy companies with the technical knowledge required to navigate the supply of energy in line with economic developments and environmental requirements.

    Penspen’s experience in supporting projects for energy operators, utilities, and power providers, from initial concepts through to sustaining and enhancing their assets, has helped the company build on a positive operational performance from the start of this year.

    “We are dedicated to helping our clients improve access to safe, secure, and clean energy supply by providing them with integral knowledge to effectively manage their assets now and in the future,” said Peter O’Sullivan, Penspen CEO.

    “Penspen has decades of technical expertise in supporting global energy companies develop and safeguard their assets – whether in construction such as delivering natural gas for power generation or repurposing existing assets. We have the people and skills to enable our clients to pave the way for the future of the energy industry, as we move towards net zero.”

    Neale Carter, Executive Vice President for the Middle East, Africa and Asia Pacific Regions, added: “Our commitment to The Middle East as one of our core markets combined with the strengths of international and local market experience, helps us deliver key benefits to new and existing energy projects. The team is doing an outstanding job by providing deep engineering knowledge and building strong relationships with our clients, and it is encouraging to see the growing demand for our engineering and project management services as a result.”

    Key Contract Highlights

    • 13+ new contracts in the UK and Europe across the Asset Integrity, Asset Management, and Engineering service lines including a large-scale, low-carbon hydrogen project in the UK
    • 7+ new contracts in the Middle East across the Project Management Consultancy, Detailed Engineering, and Asset Integrity service lines, including a multi-year framework agreement with a major Middle East national oil company
    • 7+ new contracts in North America and Latin America across the Asset Management and Asset Integrity service lines, including a high-value pipeline modeling study in Peru

    About Penspen

    Penspen is a team of insightful people who design, maintain, and optimise energy infrastructure to improve access to sustainable energy for communities worldwide. We help meet the world’s evolving energy needs by providing consulting, project, and engineering solutions across the entire energy asset lifecycle. For almost 70 years, Penspen has served clients with over 10,000 projects in the Middle East, Africa, Asia, Europe, the UK, and the US.

    Penspen is a proud member of the Dar Group, a leading, privately-owned professional services group with award-winning impact and global reach. As an engineering, architectural, and planning consultancy that values specialty expertise, the Dar Group is united by a commitment to providing clients with multi-disciplinary solutions rooted in quality, innovation, collaboration, sustainability, and technology to deliver social and community impact.

    To learn more, visit penspen.com

  9. Penspen Celebrates a Successful Start to 2022, Reporting Over $25m Worth of New Contracts During First Quarter

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    Helping Enable Operators and Utilities to Improve Access to Sustainable Energy for Communities Worldwide

    Penspen are proud to report a successful start in 2022 as we continue build on a strong performance from last year with reports of over $25m worth of new contracts secured during the first quarter of 2022.

    Strong demand in the market for Penspen’s energy engineering services and for its extensive experience are driving this strong sales performance.  Increased investment in energy infrastructure as a result of higher energy prices, as well as growing investment in planning for the energy transition to achieve Net Zero by 2050, means that many operators and utilities are turning to Penspen to help them improve access to safe and sustainable energy for the communities that they serve.

    “We have decades of experience which is highly relevant to the challenges that our clients are currently facing as they switch to delivering lower carbon energy for their customers, whether its building new infrastructure to deliver natural gas for power generation or repurposing existing pipeline networks for use with hydrogen” said Peter O’Sullivan, Penspen CEO. “These sales results are a reflection of the trusted relationships we have built with many long-term clients over the years as we help them address these challenges.”

    “It has been a challenging marketplace for everyone, but the team has done an outstanding job in continuing to grow the company, thus enabling us to continue delivering value to our clients,” added Neale Carter, Executive Vice President for the Middle East, Africa and Asia Pacific Regions. “The Middle East is a key market for us and the majority of the new contracts in the region are medium and long-term, demonstrating the faith our clients and partners have in us. I have no doubt, regardless of where our teams operate, they will deliver the high-quality services that Penspen have historically produced.”

    Penspen’s market-leading energy consultancy services will be deployed to provide operational and technical performance gains for clients, partners, and people across the globe, including a major Middle East NOC, regional companies in the UK, Europe, US and Latin America, to several multi-national organisations:

    • 15+ new contracts in the UK and Europe across the Asset Integrity, Asset Management, and Engineering & Project Management service lines.
    • 8+ new contracts in the Middle East across the Project Management Consultancy, Engineering, and Asset Integrity service lines.
    • 2 new Asset Integrity contracts in Latin America, one of which spans over 3 years.
Penspen
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