Engineering consultancy Penspen has won contracts totalling $106mn in the first half of 2024, it said July 30. This is up 30% on the same period last year.
The bulk ($80mn) were in the Middle East and Africa, where it won 19 contracts. In the UK and Europe it won 58 new contracts totalling $12mn, 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.
It said the UK and Europe was focusing on strategic energy security work, including the repurposing of critical infrastructure for hydrogen and the development of distribution and transmission networks for future fuels. Its engineering and project management service line work is now split almost evenly between energy transition and energy security scopes.
Share this article
