Horizon Oil
Horizon Oil Limited, commonly referred to as Horizon Oil, is a prominent player in the oil and gas industry, headquartered in Australia. Established in 1995, the company has made significant strides in exploration and production, primarily focusing on the Asia-Pacific region, including Papua New Guinea and New Zealand. Horizon Oil is renowned for its commitment to sustainable practices and innovative solutions in hydrocarbon extraction. The company’s core services encompass oil and gas exploration, development, and production, with a strong emphasis on maximising resource recovery while minimising environmental impact. With a solid market position, Horizon Oil has achieved notable milestones, including successful project developments and strategic partnerships that enhance its operational capabilities. The company continues to be a key contributor to the energy sector, leveraging its expertise to navigate the evolving landscape of oil and gas.
DitchCarbon Score
How does Horizon Oil's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Oil Seeds industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Horizon Oil's score of 5 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Horizon Oil's reported carbon emissions
In 2023, Horizon Oil reported total carbon emissions of approximately 618,000,000 kg CO2e, comprising 34,000,000 kg CO2e from Scope 1, 15,000 kg CO2e from Scope 2, and about 580,000,000 kg CO2e from Scope 3 emissions. This marked an increase from 2022, where total emissions were around 605,000,000 kg CO2e, with Scope 1 emissions at 30,000,000 kg CO2e, Scope 2 at 14,000 kg CO2e, and Scope 3 at 550,000,000 kg CO2e. Over the years, Horizon Oil's emissions have shown a general upward trend, with Scope 1 emissions rising from 24,000,000 kg CO2e in 2019 to 42,324,000 kg CO2e in 2024. Scope 2 emissions have remained relatively low, while Scope 3 emissions have consistently constituted the majority of their carbon footprint, indicating significant upstream and downstream impacts. Despite the increasing emissions, Horizon Oil has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This context highlights the company's current position within the industry regarding climate commitments and emissions management.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 24,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 11,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 480,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Horizon Oil is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
