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 60% 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 reported total carbon emissions of approximately 654,000,000 kg CO2e, comprising 42,324,000 kg CO2e from Scope 1, 16,000 kg CO2e from Scope 2, and a significant 610,451,000 kg CO2e from Scope 3 emissions. This represents a slight increase in emissions compared to 2023, where total emissions were about 588,000,000 kg CO2e, with Scope 1 at 34,000,000 kg CO2e, Scope 2 at 15,000 kg CO2e, and Scope 3 at 580,000,000 kg CO2e. Horizon Oil has implemented a notable emission reduction initiative, focusing on the installation of a flare gas recovery compressor. This project aims to utilise gas that would otherwise be flared, reducing flare gas emissions by over 25% from 2022 to 2024. This initiative is part of their commitment to lower their Scope 1 emissions. The company has disclosed emissions data for all three scopes (1, 2, and 3) and has not inherited any emissions data from a parent company, indicating that all reported figures are directly from Horizon Oil Limited. As of now, there are no specific science-based targets (SBTi) or broader climate pledges reported.
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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.
