Pennecon News

SNC-Lavalin-Dragados-Pennecon General Partnership to Work With Husky Energy on Canadian Offshore Project

SNC-Lavalin (TSX: SNC), Dragados Canada and Pennecon Ltd are pleased to announce that their General Partnership (GP) has been awarded a construction contract from Husky Energy as part of the company’s West White Rose Project in Newfoundland and Labrador.

The GP will build a concrete gravity structure (CGS) for a fixed drilling platform. The CGS, with an overall height of 145m and base diameter of 122m, will require 76,000m3 of concrete in its construction, which will take place in a purpose built dry dock from 2017 to 2021. Once completed and installed in the White Rose field, the CGS will support a topside module to enable drilling and oil extraction 350km away from the coast of Newfoundland in the Atlantic Ocean.

“We are honoured to be part of such a significant project and are especially pleased to be using our infrastructure skills in the oil and gas industry,” said Ian L. Edwards, Infrastructure President, SNC-Lavalin. “Not only are we going to comply with the Canada-Newfoundland and Labrador Benefits Plan but we truly enjoy working in the province and are excited about the opportunities our contract brings for the province’s workers and suppliers,” said Edwards.

As part of this GP, SNC-Lavalin and Dragados Canada each hold 40% of the shares, while local company Pennecon Ltd is a 20% partner.

“Dragados Canada is proud to collaborate with its partners and with Husky Energy in this innovative Project, providing our knowledge and skills in the technically complex field of large concrete structures, as well as engaging with Newfoundland and Labrador’s workers and suppliers,” said Diego Zumaquero, Dragados Canada´s President.

The structure will be built in Argentia, an industrial area on the southwest coast of the island of Newfoundland, before being moved offshore. Work on the project is expected to begin shortly and construction is expected to finish in 2021.

“We are pleased to partner with both SNC-Lavalin and Dragados on this exciting project,” said Larry Puddister, P. Eng., Executive Chairman of Pennecon Ltd. “As a Newfoundland and Labrador company, we bring decades of operating history, local knowledge and understanding to this project. We look forward to being a part of such an important venture that reinforces the value of our offshore industry and will significantly contribute to our provincial economy.”

SNC Lavalin press release

Honouring the Legacy of Mr. Ches Penney

It is with great sadness that Pennecon says goodbye to our Founder and Co-Chairman, Mr. Ches Penney, who passed away on Thursday, January 26th, surrounded by his loving family. Mr. Penney lived a long and full life, and we are thankful to have had the opportunity to work with him, learn from him, and laugh with him.

Mr. Penney was a visionary leader known for his transparency, his grit, his charity, and his humility. Pennecon and the Penney Group of companies employ a combined 3,000 people, in six provinces throughout Canada, and have earned national accolades such as the Canada’s Best Managed Companies designation. Mr. Penney has been recognized on a personal level for his business success and philanthropy; he was named to the Order of Canada and the Order of Newfoundland and Labrador, was awarded an honourary degree from Memorial University, and received numerous other awards and honours throughout the course of his career.

Indeed, Mr. Penney was a successful business person. But his accomplishments as a people person were even greater. He partnered with and employed talented, passionate people, and empowered them with the balance of support and autonomy that ensured they would succeed. We are eternally grateful to him for mentoring us, and we commit to honouring his legacy by continuing the work he was so passionate about, while upholding the values he imparted to us: hard work, honesty and integrity.

Pennecon Recognized for Workplace Excellence

On December 7th, we received the St. John’s Board of Trade’s 2016 Business Excellence Award in the category of Workplace Excellence. This award recognizes companies who have provided an exceptional work environment through staff development, work and life balance, fair employment, staff appreciation, and much more.

This year marked the St. John’s Board of Trade’s 24th annual Business Excellence Awards, which celebrate the achievements of private sector business and community leaders, and acknowledge the significant contributions Board of Trade members make to their community and province.

Here’s what the St. John’s Board of Trade had to say:
“Pennecon offers their staff the total employment experience. In addition to fair compensation, they offer their staff meaningful employment, opportunity for personal and professional growth, a great corporate culture as well as wellness programs and professional development opportunities.”

For more on these awards, go to http://stjohnsbot.ca/congrats-2016-award-winners/

Pennecon Co-Chairman Larry Puddister receives Atlantic Business Magazine’s CEO of the Year Award

Pennecon’s Co-Chairman Larry Puddister received the CEO of the Year Award from Atlantic Business Magazine’s Top 50 CEO Awards in Moncton on Thursday, May 12, 2016.

The CEO of the Year award recognizes one individual, from within the ranks of the Top 50 CEOs, who is deemed by the judges to have had to most outstanding accomplishments during the past year. Nominations are submitted by the readers of Atlantic Business Magazine, and nominees are judged according to their corporate, community and industry involvement, their company’s growth in recent years, and their responses to various managerial challenges.

 

Pennecon Awards 2015 Scholarships

We had the pleasure of awarding three $2,000 scholarships to children of Pennecon employees today. Our 2015 scholarship winners are Rebecca Kearley, Courtney Mercer, and Heidi Smith.

Our scholarship program showcases our commitment to excellence in education and supports our employees’ dependents in the pursuit of higher learning.

We award three $2,000 scholarships each year to full-time, post-secondary students, who demonstrate financial need, good academic standing, volunteer experience and community involvement.

Octagon Development Awarded Master Builder Certification by CHBA –NL

September 23, 2015

Octagon Development has just been awarded Master Builder certification by the Canadian Home Builders Association, Newfoundland and Labrador.  The Master Builder program is appointed to builders who observe and put into practice the high standards of professionalism required under the program, and is granted to builders who are distinguished in the field demonstrating credible experience and professionalism.

“Our team at Octagon Development has worked together to achieve this designation, knowing it would benefit our clients and employees equally”, said Al Spurrell, Residential Construction Manager. “We are proud of the work we do and this designation recognizes our dedication to higher building standards in the industry.”

To achieve Master Builder status, a builder has to meet requirements set out by CHBA-NL completing courses outlined and undertake continuing education for employees so they maintain a professional level of knowledge of current building codes, permit procedures, and technical skills.

Pennecon’s Board Co-Chair Receives Atlantic Business Magazine’s Top 50 CEOs Award

On May 7 2015, Larry Puddister, Co-Chairman of Pennecon Limited’s Board of Directors, and Chief Executive Officer of Newcrete Investments Limited Partnership, received Atlantic Business Magazine’s Top 50 CEOs Award. Nominees for this annual award are judged on their proven managerial ability, reaction to challenging situations, leadership philosophies, organizational growth over a three-year period, and commitment to industry and community development. Larry accepted the award in Halifax alongside some of Atlantic Canada’s most accomplished business leaders and some 700 event participants. Congratulations to Larry, and to the teams at Pennecon and Newcrete.

Pennecon Employees Donate More Than 120 Pairs Of Pajamas To People In Need

Pennecon Limited’s annual Christmas PJ Drive culminated today, with a grand total of 122 pairs of pajamas donated by our generous employees. The pajamas will be delivered to The Gathering Place, Iris Kirby House and the Single Parents Association to help people who are less fortunate have a merrier (and cozier!) Christmas.

With heating costs rising every year, warm pajamas go a long way to help people feel comfortable in their homes. It’s a cause our employees have been proud to support for three years in a row… and counting

Pennecon Limited thanks all of our employees who donated pajamas this year and we look forward to continuing this tradition with you in the future.

Bob Rice Memorial Golf Tournament Raises $10,000 For Mobile Central High School

A tradition 14 years strong, we’ve always been proud to raise funds for Mobile Central High School through our annual golf tournament. But in 2008, the event took on new meaning when we dedicated it to the memory of our beloved coworker, Bob Rice.

This year’s tournament was held on Friday, July 14, 2014 at Glendenning Country Club in Mount Pearl, NL. More than 120 golfers played in the tournament, and more than 30 companies sponsored holes and donated prizes. We’re pleased to say we raised $10,000 toward a cause that’s near and dear to our hearts.

Dave Mitchell Appointed New CEO of Pennecon Limited

Pennecon Limited’s Board of Directors was pleased to appoint David Mitchell as the Chief Executive Officer, effective June 1, 2014. Hailing from Lewin’s Cove on the Burin Peninsula, Mr. Mitchell brings 20 years of experience to the Pennecon group of companies. With an expert knowledge of construction management and business development, he has been at the helm of growing our company in the role of Chief Operating Officer since March, 2013. Before joining the Pennecon team, Mr. Mitchell was the Atlantic Regional Manager for ITT Water and Wastewater. David holds a Masters Degree in Engineering from Memorial University of Newfoundland and is currently pursuing an Executive MBA from Queen’s School of Business.
“I’m thrilled to take on the responsibility of leading this talented and dedicated team and I look forward to continuing to grow this dynamic business.” –David Mitchell, P.Eng.

Pennecon Cleans Up Litter In Recognition Of Environment Week

In recognition of Environment Week 2014, Pennecon employees dedicated their time and effort to making our community cleaner. In just two hours, our employees collected and disposed of more than 50 bags of garbage from an area near our main office on Topsail Road. We’re thrilled with the results of our third annual community clean up and looking forward to continuing our environmentally friendly efforts next year.

Pennecon Raises Over $10,000 In Support Of Christian Legge's SHAVE FOR THE BRAVE

When Chris Tucker from Pennecon first read 13-year-old Christian Legge’s story, he knew he wanted to help this young man reach his goal of raising $35,000 with his Shave for the Brave this year.

Chris formed a committee which included D.F Barnes, M&M Offshore, and the BIG’s restaurant. Together they planned an incredible night which included live music, a silent auction, ticket draws, and lots of food. A cheque for over $10,000 was presented to Christian during the event.

Thank you to everyone who contributed to this incredible evening.
For more information please visit the following web site:

http://www.shaveforthebrave.ca/pennecon-raises-over-10k-in-support-of-christian-legges-shave/

Pennecon Heavy Civil - Pier and Quay Project, Bull Arm

Pennecon Heavy Civil Limited (PHCL) is pleased to announce their recent award of the Hebron Topsides - Pier and Quay Remediation Project located in Bull Arm, NL. PHCL is currently preparing for mobilization to site in late April of this year. The scope of the Pier and Quay Remediation includes thickening of existing pier deck with reinforced concrete, underwater grout injection, installation of tower foundations, site grading and construction of a concrete barge landing ramp supported by drilled piles socketed to bedrock.

PHCL is excited to provide our expertise and services to deliver a key element to the Hebron Project. Once remediation work is finished, the upgraded infrastructure will be used to complete the installation and integration of the Topside modules.

Pennecon Heavy Civil -Construction of Two Underpasses Team Gushue Highway Extension

This project consists of the construction of a 55.5 meter long, two span, two lane underpass at Old Pennywell Road, and a 48 meter long, two span, two lane underpass at the Pennywell Collector Road, on the Team Gushue Highway extension. Both bridges consist of mechanically stabilized earth ( MSE ) abutment foundations, constructed from precast panels supplied by Capital Precast, with cast-in-place abutments, center piers, and decks. Concrete is supplied by Capital Ready Mix and reinforcing steel is supplied and installed by Allstar Rebar, our affiliated companies. The project is scheduled for completion in August 2014.

Pennecon Energy Grand Banks Warehousing

Pennecon Energy Grand Banks Warehousing (PEGBW) is a private, wholly owned company within the Pennecon Energy Group. The company manages, leases and operates a full service laydown and warehousing operation including inspection facilities, in Bay Bulls, NL.

PEGBW is the closest laydown, warehousing and inspection facility to the Pennecon Energy Marine Base (PEMB) servicing the Grand Banks oil fields. PEGBW is engaged in the management and operation of a warehouse and compact gravel laydown facility (totaling over 30+ acres) in the town of Bay Bulls, just a 20 minute drive from the capital city of St. John’s and 3km from PEMB.

The company is rapidly gaining a reputation as a cost effective alternative for the offshore petroleum service industry.