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Energy Minister Denys Shmyhal reported that in 2025, Ukrainian natural gas production totaled 16.97 billion cubic meters, which is 2.4 billion cubic meters more than forecast, with the private sector showing growth of over 14%.

KYIV/BUCHAREST, March 16 (Reuters) - Ukraine's ​Naftogaz, which discovered "substantial" offshore gas reserves in the Black Sea before Russia's invasion, ‌is in talks with Romania's OMV Petrom (ROSNP.BX), opens new tab to form a partnership relating to the field, three industry sources told Reuters.

The sources did not indicate the amount of recoverable gas at the discovery, but one called ​it "one of the most promising gas fields in the Black Sea region", where Romania and Turkey ​are already developing deposits of their own.

British company Pennpetro Energy Plc has announced the signing of a Heads of Terms agreement to acquire 100% of the rights to the Limnytska licence in the Ivano-Frankivsk region. This was reported in a statement by the company on the London Stock Exchange, where Pennpetro Energy shares are listed, according to ExPro.

Ukrgasvydobuvannya JSC, a member of Naftogaz Group, increased commercial natural gas production by 5% to 13.9 bcm in 2024, compared to 13.2 bcm in 2023, the press service of Naftogaz reports.

Acting Chairman of the Board of Naftogaz of Ukraine is appointed and the process of selecting a new CEO has begun

At its meeting on November 29, the Cabinet of Ministers of Ukraine appointed Oleh Hotsynets as the head of the Ukrainian Geological Survey. This was reported by MP Oleksiy Honcharenko.

Akshin Mehdiyev has completed his work as the Director of Drilling Operations at Ukrgasvydobuvannya JSC. NaftoRynok reports this with reference to its own sources. February 22 was the last day of Mehdiyev's work in the company.

Ukraine produced more than 18.7 bcm of gross natural gas in 2023, according to ExPro calculations. Compared to last year, gas production increased by 0.9% - from 18.54 to 18.7 bcm.

Ukrgazvydobuvannya JSC (UGV), part of the Naftogaz Group, commissioned three high-output wells in November. This was announced by the head of Naftogaz Oleksiy Chernyshov.

Naftogaz Group's consolidated profit for the first half of 2023 amounted to UAH 6.6 billion, the company's press service reports. At the same time, the consolidated operating profit for the same period reached UAH 14 billion.