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Nobel Energy Group participated in the 29th International Caspian Oil & Gas Exhibition, 4-6 June, at the Expo Center, as part of Baku Energy Week. This high-profile industry event provided an exceptional platform for us to showcase our expanding capacity, capabilities, and significant milestones on both regional and global scales.

Nobel Energy's innovative and informative stand drew a large number of visitors, offering comprehensive insights into the company's unique value proposition and successfully delivered projects. The stand highlighted our commitment to innovation and excellence, reflecting Nobel Energy's strategic vision and operational strengths. The engaging display and well-informed team members ensured that every visitor left the stand with a clear understanding of Nobel Energy's wide-ranging services and achievements.

In addition to the stand, in the framework of Baku Energy Week, Nobel Energy organized two informative panel discussions. On June 4, the company hosted a panel titled ‘Breaking the Mold: Reshaping Energy Solutions’, which focused on innovative strategies employed by service providers like Nobel Energy to tackle regional and global challenges faced by major energy companies. Featuring Nobel Energy Executive Board Member Mr. Richard Duff, Vice President of SOCAR, and Mr. Cathal Kelly, Vice President of BP, and moderated by Ambassador Mr. Matthew Bryza, the panel underscored the importance of optimizing investment costs and operational efficiency while maintaining safety and quality standards. It also emphasized the critical role of technology, research, and collaboration in crafting effective solutions.

On the second day of the event, Mr. Robert Mundt, Senior Manager of Advanced Facilities and Data Center Services at Audubon Companies, joined a discussion on how AI is revolutionizing the energy sector. Together with Mr. Saravan Penubarthi, Chief Technology Director at AIQ, and moderated by AI and emerging technologies expert Mr. Emin Aliev, the panel explored AI's role in optimizing energy systems, addressing challenges, and driving the transition toward a more sustainable future. Both panels featured esteemed industry experts and provided valuable discussions on the future of energy.

The participation in this significant event, underscores our dedication to advancing the energy sector and proactive approach to fostering collaborations.

The joint development of a 100MW photovoltaic solar power plant will be executed in two stages. The initial phase, comprising 50MW, is scheduled for completion by 2027, with the remaining capacity to be installed in subsequent years.

The plant aims to generate some 180 million kilowatt-hours of electricity annually, providing power to around 58,000 households. The construction phase of the plant will engage a workforce totaling 600 individuals, while its commissioning will lead to the creation of 80 permanent jobs.

Vugar Samadli, CEO of Nobel Energy said: “We are excited for the opportunity to be part of the region’s green transformation plans which is consistent with Nobel Energy’s strategic intent to contribute to a lower carbon future in the region and beyond. With a focus on efficiency and safety, our skilled and tested team of engineers, designers, and technicians is the driving force in the successful execution of solar power project of any scale." 

A customized technical protocol outlining a series of activities has been agreed upon and signed with Azerenerji, the primary electricity producer and transmission system operator in the country. Additionally, the project land plot has been approved by relevant government institutions in the Jabrayil district.

Currently, the pertinent investment agreement, power purchase agreement, and grid connection agreement are being developed jointly with the Ministry of Energy of Azerbaijan and Azerenerji. 

Note to editors

Nobel Energy Group, part of NEQSOL Holding, is an Integrated Energy Production, Development and Services Company committed to contributing to the global transition towards a sustainable and low-carbon future. By leveraging trusted expertise, integrated solutions, advanced technology, strategic partnerships, and a strong focus on innovation, Nobel Energy has positioned itself as a reliable partner in delivering complex and sustainable infrastructure projects across the globe.

Nobel Energy (part of NEQSOL Holding) is pleased to announce its support for an educational program aimed to discover 30 high-potential youth from underprivileged families aspiring to attend top-ranked international universities and equip them with the required knowledge and skills. 

The program, which is implemented by a qualified and successful education company Roof Academic Training, will see the support of exceptionally talented young minds from low-income families in their pursuit of higher education in high-ranking universities. In addition to preparation for critical exams such as IELTS, SAT, GRE, GMAT, and TOEFL, the program also takes in assistance in the processes of university and scholarship applications. 

The program targets students applying to universities in the 2023-2024 academic year, with plans to continue their studies abroad in September 2024.

Selection for the scholarship project has started, and it is being conducted through a meticulous 6-stage process, including initial questionnaire evaluation, English language proficiency level check, personal interview, expert opinion, home-family visit, and final evaluation. Throughout these stages, candidates are assessed based on academic performance, extracurricular activities, social security level, potential, desire, and activity, serving as the primary criteria for evaluation.

Vugar Samadli, CEO of Nobel Energy, said: "The initiative fully aligns with both the country’s and Nobel Energy’s vision to empower youth to secure placements in high-ranking universities to contribute to the development of human capital in our country. This successful program, that has already helped to nurture educational aspirations of a number of high-potential youth from low-income families, reflects our commitment and humble contribution to building a more resilient and brighter future in Azerbaijan."

Note to editors

Nobel Energy Group, part of NEQSOL Holding, is an Integrated Energy Production, Development and Services Company committed to contributing to the global transition towards a sustainable and low-carbon future. By leveraging trusted expertise, integrated solutions, advanced technology, strategic partnerships, and a strong focus on innovation, Nobel Energy has positioned itself as a reliable partner in delivering complex and sustainable infrastructure projects across the globe.

This speech was delivered by our CCO Eldar Mamedzadeh at the COP28 in Dubai.

Dear guests, 

Ladies and gentlemen, 

Firstly, I would like to greet everyone here and thank the COP28 hosts for excellently organized event and express our gratitude to the Ministry of Energy, Natural Resources of the Republic of Azerbaijan and AREA (Azerbaijan Renewable Energy Agency) for granting Nobel Energy a privilege to share our vision at such supreme platform dedicated to global climate discourse. 

We live in a time of unprecedented environmental challenges affecting us all on a daily basis. Climate change, decarbonization, and carbon capture concern us all, whether as countries, businesses, or individuals. It all makes us to rethink and redefine our growth route to ensure that produced energy should not only be affordable, sustainable, reliable, but also clean.

Today, the world is going through an era of energy transition and I am proud that my country aims to be front runner in this transformation process. The President of Azerbaijan, His Excellency Ilham Aliyev has set an ambitious goal for Azerbaijan to become an important supplier of electricity, produced from green energy, to Europe. Azerbaijan’s clean energy goal is set to generate more than 30 percent of its overall energy capacity from renewables by 2030.

Where does Nobel Energy fit into this transformative landscape? 

Allow me to introduce Nobel Energy – a Group of companies with nearly 20 years of experience in the energy and construction services fields, present in 11 countries across 4 continents, with major footprint in Azerbaijan and the USA.

Nobel Energy has provided integrated engineering, construction, procurement and supply chain management, drilling, fabrication; and maintenance, repair and operations services to the oil and gas, power and water industries, serving major energy giants such as National Oil Companies. 

Being committed to sustainable growth and environmental responsibility, Nobel Energy set out a new strategy in 2021, to transform from an Oil and Gas Services company to an Integrated Drilling Production, Development and Services company. We have identified clean energy investments as a key avenue for our substantial growth.

Our dedication to fostering Azerbaijan's green initiatives has led us to invest in renewable energy projects in strategic areas like Nakhchivan and newly liberated territories of Karabakh and East Zangazur, identified by the government as pivotal green zones.

Stimulating eco-friendly growth 

In June of this year we reached a significant milestone by signing a memorandum of understanding (MoU) with the Ministry of Energy of Azerbaijan for the phased development of overall 400MW of solar power plants in Nakhchivan, both for local use and export. 

The anticipated 25-year average lifespan of the 400MW solar power station is projected to mitigate 4,680,000 tonnes of carbon emissions. With an annual power generating capacity of 800GWh per annum for the 400MW installation, it is equivalent to powering over 255,000 households. 

Another Nobel Energy undertaking will see the development of a 100MW Solar Power Station in the liberated Jabrayil region of East Zangazur. It is anticipated to save 1,170,000 tons of carbon emissions over 25 years of its lifespan. This station is expected to produce 175GWh of electricity annually, catering to the needs of around 56,000 households, greatly contributing to the region’s energy security and sustainable socio-economic growth without harming its unique geography. We will start execution of both solar power stations soon. 

We want to take pride for both of these projects that carry strategic and symbolic significance for the country and our company. They symbolize a pivotal transformation for Nakhchivan by reshaping it from an energy-dependent region into an exporter of clean energy. The second project signifies a light of resilience, reviving the once vibrant Jabrayil region that was subjected to three decades of devastation due to the occupation.

Contributing to a Better World 

What makes Nobel Energy confident to undertake such critical projects? It's our rich expertise and capabilities, built on decades of experience, visionary strategies, and adaptable transformations. These assets not only empower us to emerge as green energy producer, but also enable us to deliver innovative end-to-end solutions to our clients across the domain. 

Our dedication goes beyond just producing energy. We're deeply committed to reducing the impact of greenhouse gas emissions. Through our carbon capture line, Nobel Energy is leading the way with reliable solutions that help heavy industries cut their carbon footprint using carbon capture and storage technology, meeting stringent low carbon fuel standards. 

For onshore oil and gas facilities aiming to reduce their carbon emissions in the long run, we have the expertise and capacity to facilitate their carbon capture needs.

Just to give an example, we've designed an offshore platform specifically for injecting and storing CO2 in shallow waters of the Gulf of Mexico. This platform, built for remote operations, uses top-notch automation for reliable functions and monitoring. This means fewer maintenance trips, lower risks, and higher efficiency in operations and production, and most certainly managing their CO2 output. 

We also pioneer innovative engineering, fabrication, and assembly of modular processing and treating systems, and our commitment to sustainability of energy extends to pioneering technologies like renewable natural gas, hydrogen production, and gas distillation, all of which redefine sustainable energy solutions.

Looking ahead, Nobel Energy aims to establish an innovative and sustainable energy ecosystem over the coming decade, targeting an installed mix of 5GW in thermal and renewable energy generation capacities. 

Our roadmap involves strategic investments, partnerships, and diverse operational models, with initial focal points in Azerbaijan, followed by expansion across the region.

Thank you for your attention.

Recently, Glensol, jointly with ENRX (formerly EFD), a global green technology company, hosted a technology Open Day event for its clients, at Glensol’s Your One Stop Shop workshop.  

The two-day event aimed to celebrate a new partnership between Glensol and ENRX, as well as to present ENRX branded technology – the Induction Heating systems (heating solutions) – broadly used in offshore applications.

Anar Orujov, Deputy General Director of Glensol in his opening remarks said: “Entering partnerships is a strategic decision for us. While choosing our partners, we prioritize three fundamental aspects: capability, sustainability, and development of local competency, key factors for delivering our commitments at the highest possible quality. 

Our strategic partnership with ENRX is a good example to that.  ENRX with its decades of experience in induction heating and other green solutions helps us to provide our offshore maintenance service in a more safe, cost-effective, quick, and most importantly sustainable manner. 

Our highly trained engineers use the induction heating equipment in hazardous areas, where open flame cannot be used, to instantly apply and distribute heat in a few seconds and remove metal components easily and safely. Lastly, I want to take the opportunity to thank our partner company for all their support in training our local specialists to use this advanced technology efficiently, a significant input to nationalization strategy.”

Scott Clive Donald, Business Development Executive, ENRX said: “ENRX and Glensol will be working closely together to provide services to all clients within the Caspian Region. The trained engineers of Glensol and qualified engineers of ENRX can easily deliver the technical scopes that are vital for the industry, including from shrink fitting, coating removal, and pre and post weld heat treatment (PWHT) all the way to bolt removal.

With both parties working together very closely now, it will provide a one stop service to clients brining even more sustainability to the business and the industry in a bigger scale. And in that sense, the two-day event was a great success as it has given the customers the knowledge and seeing what value our services can bring to them and to the industry.”

Note to editors

Established in 2012, as a field operations and equipment maintenance subsidiary of Nobel Energy, Glensol has been a trusted provider – of local and international oil and gas companies with rotating equipment, including turbomachinery services and controls, operation and maintenance services – to SOCAR, bp, and other major energy companies in the region and across the world.

Further information: www.glensol.az

Nobel Energy (part of NEQSOL Holding) is pleased to announce the signing of a memorandum of understanding (MoU) with the Ministry of Energy of Azerbaijan for the development of a 400MW solar power plant in Nakhchivan, Azerbaijan and export of the generated electricity to Türkiye, and partly for the local use. This collaboration signifies an important milestone in advancing sustainable energy solutions and fostering environmental stewardship.

The MoU was signed by Mr. Elnur Soltanov, Deputy Minister of Energy Azerbaijan and Vugar Samadli, CEO Nobel Energy in a special ceremony on ‘Green energy potential of Nakhchivan and Eastern Zangazur’ held in Nakhchivan, Azerbaijan, on 3 June. 

The development of a solar power plant, to be located in Nakhchivan, follows the government’s systematic efforts in promoting clean energy and reducing carbon emissions by establishing ‘green energy zones’ across the country. 

The memorandum reflects a shared commitment to using the potential of renewable energy to drive economic growth and sustainable development. The solar power plant will leverage advanced solar technology to generate clean and reliable electricity. By using the abundant solar resources of the region, the project aims to contribute to Türkiye’s national grid, as well as the local energy supply.

Vugar Samadli said: “This development follows our transformation strategy to be part of the solutions to help all our stakeholders to get affordable and reliable energy, while reducing environmental impacts. It reflects our shared commitment with the government to harnessing the potential of renewable energy to drive economic growth and sustainable development”.

We look forward to the next steps in our journey aimed to empower sustainable development, create new opportunities, and make a lasting positive impact. The future holds immense potential, and we are eager to embark on this transformative path. I extend my gratitude to the government for their trust and opportunity to deliver this significant project".

This MoU represents a significant step forward in the journey towards a greener and more sustainable future. Nobel Energy is excited about the opportunities presented by this development which is expected to contribute to the overall energy transition in the country towards building a greener future, and is in a perfect alignment with the company’s transformation strategy to provide solutions for meeting the changing energy needs of our world. 

Note to editors

Nobel Energy Group, part of NEQSOL Holding, is an Integrated Energy Production, Development and Services Company committed to contributing to the global transition towards a sustainable and low-carbon future. By leveraging trusted expertise, integrated solutions, advanced technology, strategic partnerships, and a strong focus on innovation, Nobel Energy has positioned itself as a reliable partner in delivering complex and sustainable infrastructure projects across the globe.