Penspen, a leading international energy consultancy, is reinforcing its commitment to sustainable energy by becoming an official member of Hydrogen UK, the UK’s premier hydrogen trade association.
Penspen CEO shares how the company is raising the bar in delivering technically challenging projects in an exclusive interview with Energy Connects at ADIPEC 2024.
With a focus on ‘Connecting Minds. Transforming Energy’, ADIPEC 2024 provided a valuable platform for energy leaders from across the world to address some of the key challenges and opportunities for our industry as we navigate the energy transition.
During this world-class energy conference, Peter O’Sullivan, Penspen CEO, sat down with Chiranjib Sengupta, Editor-in-Chief at Energy Connects, for an exclusive studio interview to discuss the company’s 70+ year engineering heritage, the wide spectrum of services it provides to the energy industry, and how Penspen is helping customers to position the Middle East for a successful energy transition.
O’Sullivan elaborated on how Penspen’s global teams are delivering technically challenging projects that improve the productivity and efficiency of existing assets, thereby supporting clients across the entire project lifecycle. He also shared the latest developments when it comes to asset integrity management and how Penspen’s portfolio has broadened to include an array of digital services.
Penspen, a leading international energy consultancy dedicated to improving access to secure and sustainable energy for communities worldwide, is expanding its energy transition project portfolio with the award of a hydrogen blending contract from Latvian Natural Gas Operator, Conexus Baltic Grid.
Under this new contract, Penspen’s integrity team in the UK will assess the feasibility of introducing hydrogen blends into Conexus’ existing natural gas pipeline network, in alignment with industry international and national codes and regulations, to help optimise existing gas infrastructure in Latvia for a cleaner energy future.
Leveraging its global expertise in hydrogen integration and pipeline safety, Penspen will conduct studies to assess and provide recommendations to mitigate the effects of hydrogen on pipeline steel properties, as well as examine the potential interactions with existing defects, to ensure structural integrity and ongoing safe operations under blended conditions. Penspen will provide essential insights to support Conexus’ safe and sustainable transition to hydrogen and contribution to global decarbonisation efforts.
Ali Alani, Former Director of Asset Integrity at Penspen, commented: “We are very pleased to be awarded this project and excited to be working with Conexus Baltic Grid. The project scope aligns well with our materials engineering and pipeline analysis core strengths as well as our extensive knowledge of pipes from that age and region. This is an excellent addition to our growing H2 pipeline repurposing track record”.
Rolands Trenko, Project Manager at Conexus Baltic Grid, added: “I’m thrilled to collaborate on this project with a partner who brings such specialised expertise in materials engineering and pipeline analysis. The knowledge and experience Penspen have with pipelines of this age and region will be invaluable as we work to adapt our infrastructure for hydrogen mix. Together, we’re setting a strong foundation for a sustainable energy future and furthering the transition to cleaner energy sources. I look forward to achieving great results together!”
Penspen’s Energy Transition Experience
For more than seven decades, Penspen has supported energy operators around the world to improve access to lower carbon fuels, and by extending the life of existing infrastructure, we continue to deliver cleaner energy to communities across the globe.
Our engineering consultancy services utilise our extensive experience in the delivery of thousands of hydrocarbon projects to inform the development of future fuels infrastructure, including repurposing existing infrastructure for hydrogen and CO2 transportation and processing.
Penspen, a leading international energy consultancy, is expanding its presence in the North-East following the successful acquisition of Aberdeen-based C&I Engineering Solutions.
Penspen, a leading global energy consultancy, has announced three senior appointments aimed at enhancing its service offering and expanding its market presence across the Middle East and Kingdom of Saudi Arabia.
Penspen today announces a strong finish to the fiscal year with $104 million awarded in new contracts during the second half of 2023 – – a 28% increase from the first half of 2023.
Contract Highlights:
“As we close the chapter on 2023, we are pleased to announce we have had another strong year of sales across all our regions, with 30% year-on-year sales growth. Our team’s dedication to providing high-quality engineering services and innovative solutions to meet our clients’ requirements has not only fuelled our growth but has also enabled our clients to get the most from their assets in a very dynamic energy marketplace,” said Peter O’Sullivan, Penspen CEO.
“Our dual focus on maximising the life of existing infrastructure to ensure the security of energy supply today, whilst also helping to build new infrastructure to deliver the sustainable energy of the future means we are well positioned to support our clients as they navigate the energy transition.”
Neale Carter, Executive Vice President for the Middle East, Africa and Asia Pacific Regions, added: “The MEA and KSA Region teams have delivered continued strong commercial and operational execution during the second half of the year, resulting in another period of outstanding sales performance. Our clients know that they can trust our strong engineering capabilities and our proven ability to deliver best-in-class quality to demanding timelines. In 2024, we reaffirm our commitment to helping our clients develop new energy assets, improve the productivity and efficiency of existing assets, and ensure maximum returns on their investments.”
Penspen strengthens capabilities to accelerate industry decarbonisation by appointing Darren Bartlett as Global Energy Transition Director.
Penspen, a leading global energy consultancy dedicated to improving access to cleaner energy for worldwide communities, today reported new contract sales of $65 million during the second half of 2022.
Penspen’s sales performance for H2 2022 maintains the company’s strong growth from last year with a positive outlook for the year ahead.
With worldwide demand for accessible and affordable energy increasing amid high commodity prices, Penspen’s expertise continues to make a positive impact across the rapidly changing global energy industry.
The company’s latest financial results demonstrate that its experience in designing, maintaining, and optimising the infrastructure of energy operators, utilities, and power providers, from initial concept through to sustainable operations, is in strong demand.
“Our skilled teams have delivered a very strong performance across all of our regions and service lines and have helped our clients meet the challenges they face in a dynamic market.” said Peter O’Sullivan, Penspen CEO.
“The outlook for 2023 is positive. We are growing our team in order to respond to our clients’ increasing requests to help them invest in the essential infrastructure required to respond to the challenges of both high commodity demand and the acceleration of the energy transition.”
Neale Carter, Executive Vice President for the Middle East, Africa and Asia Pacific Regions, added: “The MEA team is further solidifying its position as a trusted advisor for deep engineering knowledge on energy projects, delivering real value and consistent success across engineering and project management services in the region. This has resulted in several new framework agreements with major national oil companies.”
Key Contract Highlights:
