Leading logistics and supply chain solutions company Peterson Energy Logistics has released its 2024 financial results which reflect operational discipline and strategic growth across the energy spectrum.
For the year ending 31st December 2024, Peterson has reported revenue of €412 million and normalised EBITDA of €13.7 million achieved from fully integrated, lead logistics provider services, as well as technology consultancy solutions for oil and gas and renewables companies globally.
Sarah Moore, Chief Executive of Peterson Energy Logistics, said: “Consistent strong financial results affirm that the services and solutions we are providing our customers are not only meeting their needs but are exceeding them. As well as cementing long-term contracts with oil and gas majors in 2024, we significantly expanded our footprint in renewables.
“Our operations across the Netherlands, UK, and Middle East are proud to support oil and gas customers as a trusted supply chain partner, supporting them to navigate fiscal pressures and the complexities of energy transition through customer-focussed, results-driven innovation which optimises, decarbonises, and streamlines logistics to improve overall performance, costs, and efficiencies. Leveraging our significant experience, we are also providing trusted, proven solutions to the renewables sectors. Through our experience in establishing the globally recognised SNS Pool logistics model from the Dutch Continental Shelf, we continue to pioneer innovative approaches to logistics delivery.
“This proven expertise has enabled us to deliver resilient performance throughout 2024 and reinforced our reputation as a leader in sustainable, forward-looking supply chain solutions and our position as the partner of choice for the energy transition.”
Sarah Moore, Chief Executive of Peterson Energy Logistics
In 2024, the company secured a life-of-field project with Spirit Energy, as well as a long-term integrated services project for Perenco. Peterson also embarked upon a multi-location integrated logistics scope for GE Vernova for its work on Sofia Offshore Wind Farm. The project, which is still underway, demonstrates Peterson’s cross-border capabilities, as well as its diverse range of services from aviation through to warehousing, stevedoring, and transport.
These contract wins bolster multi-year contracts for energy clients serviced from Peterson’s bases which span the length of the UK from Shetland to Aberdeen to Heysham to Lowestoft, and Den Helder in the Netherlands, as well as work in the Middle East and other regions globally.
A further differentiator for Peterson is its approach to technology. In 2024, the company committed to further development of its groundbreaking Lighthouse software suite which has led the way in digital energy logistics for more than a decade. The strategic investment has allowed for the development in its AI agent capabilities which empowers unparalleled operational optimisation for customers.
Sarah Moore added: “As the energy sector continues to rapidly evolve, Peterson remains focussed on delivering value through innovation, collaboration, and operational excellence.
“We developed and launched Lighthouse more than 12 years ago to support our own operations, and we have witnessed firsthand the tangible results of data-led optimisation. Today, as technology evolves at pace, we are embedding AI into our strategy to unlock even greater insights, efficiency, and predictive capabilities. By continuing to invest in advanced digital tools, we ensure that our logistics and software customers benefit from the very latest solutions - delivering smarter, more agile, and more impactful results that position them for success in an increasingly complex energy landscape.”
Peterson Energy Logistics employs around 800 people and is part of the Royal Peterson and Control Union Group which has a presence in 75 countries.