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 15 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Horizon Oil's reported carbon emissions
In 2024, Horizon Oil, headquartered in Australia, reported total carbon emissions of approximately 42324000 kg CO2e for Scope 1, 16000 kg CO2e for Scope 2, and a significant 610451000 kg CO2e for Scope 3 emissions. This reflects a slight increase in Scope 1 emissions from 34000000 kg CO2e in 2023, while Scope 2 emissions rose from 15000 kg CO2e. Notably, Scope 3 emissions also increased from 580000000 kg CO2e in 2023. Horizon Oil has implemented a key emission reduction initiative involving the installation of a flare gas recovery compressor, which aims to reduce flare gas emissions by over 25%. This project commenced in 2022 and is expected to conclude in 2024, targeting a significant reduction in Scope 1 emissions. The company has not set specific Science-Based Targets Initiative (SBTi) reduction targets, but it is actively working on its climate commitments through various initiatives. The emissions data is not cascaded from any parent organization, indicating that Horizon Oil is independently reporting its emissions and climate strategies.
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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 participating in any of the initiatives that 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.
