Naftogaz Group’s Ukrgasvydobuvannya put a new high-output gas well into operation, producing 274,000 cubic meters of gas more per day, Naftogaz’s official statement wrote on July 30. This well is unique as its planned borehole is located directly beneath a residential area. “The new well has increased daily gas production at the field by 17%,” Naftogaz Chief Oleksiy … Read more
The current transit of Russian oil to the European Union through Ukraine, undoubtedly, takes into account the National Security and Defense Council’s sanctions against the Russian company Lukoil. However, its volume remains unchanged, indicating that the sanctioned company’s oil has been replaced by oil from other owners, Board Chairman of NJSC Naftogaz Ukrainy Oleksiy Chernyshov … Read more
Naftogaz, Ukraine’s state-owned oil and gas company, has accumulated 10 billion cubic meters (bcm) of gas reserves for the upcoming winter period, the company said on July 22. This represents almost 76% of the projected target of 13.2 bcm, which Naftogaz was tasked to accumulate by Nov. 1. The figure of 13.2 bcm goes beyond … Read more
UkrGasVydobuvannya drilled and put into operation another high-rate well with a natural gas daily flow amounting to 439,000 cubic meters, the Naftogaz Group press service reported on June 21. The well was drilled as an exploratory one to clarify the geological structure and assess the gas content of the deposits in the one of the recently … Read more
As of mid-June, Ukraine has accumulated more than 9 billion cubic meters of gas in underground gas storages, reported the press service of Naftogaz of Ukraine. This volume corresponds to the plan, the chairman of the board of the company Oleksiy Chernyshov said. The gas injection season began on April 1. In two and a half … Read more
NJSC Naftogaz Ukrainy has approved an internal REMIT regulation – the EU Regulation on Wholesale Energy Market Integrity and Transparency. “The company is actively working on integrating into the European energy system,” Naftogaz reported on Friday. The document will, in particular, enable the company to fulfill its obligations under the new legislation introduced by Ukraine … Read more
NJSC Naftogaz Ukrainy and the Ministry of Defense of Ukraine, as the sole shareholders of PJSC Ukrtatnafta, have launched the process of forming an independent supervisory board of the company. “The corresponding decision of the general meeting of the company was made on May 21, 2024,” the Naftogaz group said on Tuesday. According to Head … Read more
The net consolidated profit of Naftogaz Group in 2023 amounted to UAH 23.1 billion against a loss of UAH 79.1 billion a year earlier, according to consolidated financial statements verified by an international independent auditor and approved by the company’s supervisory board on May 3, 2024. “It is planned that the absolute majority of the … Read more
Ukraines’ state oil and gas company Naftogaz is interested in expanding cooperation with energy companies of other countries — in particular, regarding the storage of their gas reserves in Ukrainian underground storage facilities, said the head of the company Oleksiy Chernyshov. During the visit to Turkiye, the Naftogaz chief discussed the prospects of cooperation in the … Read more
PJSC Ukrnafta in February 2024 produced 110,300 tonnes of oil and 92.1 million cubic meters of gas against 110,200 tonnes of oil and 83.2 million cubic meters of gas in February 2023. Thus, gas production in February increased by 10.7% compared to the same month last year. “The company continues to drill new wells, intensify … Read more