Penspen, the international energy consultancy, concluded the fiscal year on a high note with US$120 million in new contracts during the second half of 2024, reflecting a significant 14% increase compared to the same period in 2023. Noteworthy highlights included securing 26 new contracts in the Middle East and Africa region with a total value of US$98 million, covering various services such as project management, consultancy, and hydrogen production support in Saudi Arabia. In the UK and Europe, Penspen obtained 57 new contracts worth US$16 million, focusing on hydrogen repurposing, carbon capture studies, and pipeline maintenance. The company also expanded its presence in North and Latin America with 18 new contracts valued at US$5 million, emphasizing gas pipeline projects and environmental testing. Penspen's CEO, Peter O'Sullivan, expressed optimism for 2025, highlighting the growth fueled by client success and technical excellence recognition. Additionally, Penspen undertook energy transition projects in Europe, securing contracts for hydrogen repurposing and blending assessments. The company's expansion in the UK included asset management work with long-standing partners like GTC and TotalEnergies. Penspen's strategic acquisition of C&I Engineering Solutions in Aberdeen enhanced its engineering capabilities. Growth in the Eastern Hemisphere saw an increase in headcount in the Middle East & Africa and Saudi Arabia regions, supporting diverse energy projects. Neale Carter, Executive Vice President, praised the team's dedication to delivering quality engineering support. Penspen's commitment to energy transition and operational excellence positions it for continued success in providing secure and sustainable energy solutions globally.