You can consider pressure as energy density. Note:
$$P=\frac{F}{A}=\frac{Fd}{Ad}=\frac{W}{V}$$
When flow encounters a restriction, the pressure, and thereforethus pressure energy, drops. OnThis may seem counter intuitive until you realize that at the other handsame time the flow velocity, and thereforethus kinetic energy, increases forat the restriction.
For a given elevation, neglecting friction losses, conservation of energy requires any increase in kinetic energy in the direction offlow equal any decrease in pressure energy in the flow due to the flow work done per unit volume pushing the fluid through the restriction.
Hope this helps.