Search results for: Horizon Oil

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  • 27 April 2010

    An oil leak of 1,000 barrels a day is entering the water about a mile below the surface of the Gulf of Mexico following the sinking of the Deepwater Horizon oil rig Thursday. The wreck of the burned out rig was located Saturday capsized on the sea floor about 1,500 feet northwest of the well […]

  • 25 June 2014

    Australia’s independent oil company ROC has received a takeover offer from an undisclosed party.

  • 25 January 2018
    Ports & Logistics

    Australian exploration and production company, Horizon Oil, said it has progressed its Western LNG project in Papua New Guinea. 

  • 20 October 2015
    Business & Finance

    Australia’s Horizon Oil Limited has announced that its Chairman, Fraser Ainsworth AM, will retire from the board, effective at the conclusion of the Annual General Meeting (AGM) on November 20, 2015. Ainsworth has served as Chairman of the Horizon Oil’s board since April 2002. The company said that under his leadership its portfolio has evolved from a spread […]

  • 8 August 2018
    Exploration & Production, Project & Tenders

    CNOOC has begun production from two infill wells in the Weizhou 12-8 fields in the Beibu Gulf offshore China.

  • 2 June 2014

    Horizon Oil said that the Nixon Duban, PNG’s Minister for Petroleum and Energy, granted the Stanley Gas Project development license (PDL 10) and pipeline license (PL 10) to Horizon Oil (Papua) Limited and its fellow licensees. At the successful conclusion of the Stanley Gas Project Development Forum, in a formal ceremony attended by Boka Kondra, […]

  • 5 July 2018

    Australian exploration and production company, Horizon Oil, informed that the Papua New Guinea petroleum minister issued notices of intention to cancel the PDL 10 and PL 10 licenses to Repsol. 

  • 11 September 2014
    Business & Finance, Project & Tenders

    Horizon Oil has reported that drilling has started on the first of two exploration wells in Beibu Gulf Block 22/12, offshore China.

  • 23 May 2013
    Project & Tenders

    Osaka Gas has reached an agreement with Horizon Oil for its acquisition of part of the licences in Papua New Guinea currently held by Horizon Oil to develop condensate and natural gas resources. Horizon Oil has been engaged in a project to commercialize condensate and natural gas towards 2015.  Osaka Gas, through this agreement, will […]

  • 6 November 2017
    Business & Finance

    Australia-based Horizon Oil has entered into an agreement with Todd Maari Limited to acquire its 16% interest in PMP 38160, which contains the producing Maari and Manaia fields, offshore New Zealand. 

  • 4 August 2014
    Business & Finance

    Australia’s independent oil company ROC has withdrawn from a merger agreement reached in April with Horizon Oil, after receiving a better offer from Fosun.   China’s Fosun has offered  AUD 0.69 per ROC Share valuating the target company at approximately A$474 million. The offer represents a 52% premium to the closing price of ROC shares on 23 April 2014 […]

  • 13 October 2014
    Business & Finance, Project & Tenders

    Horizon Oil has completed the drilling of the second of a two exploration well program in the Beibu Gulf Block 22/12, offshore China. The WZ 12-10-2 well is located is located in 36 m of water 1.6 km east northeast of the existing WZ 12-8W platform and about 3.2 km west southwest of the recently […]

  • 7 July 2015
    Exploration & Production, Project & Tenders

    Austrian OMV recently informed that its Maari offshore field redevelopment project in New Zealand has been completed. Horizon Oil, a partner in the project, has now reported that the final well, MR10, is on production.  OMV previously reported that the well MR10 was being tied-in to the production network. According to Horizon Oil, as of July 6, the MR10 well was […]

  • 16 October 2012

    Roc Oil (China) Company advises that the HYSY 931 rig has commenced drilling at the WZ6-12-A6 location on the WZ6-12 South Field in Beibu Gulf at 20:00 hours on 15 October 2012. This well is located in 29 metres of water and is expected to reach total projected depth (TD) of 2,914 metres MD. ROC […]

  • 26 August 2013

    Horizon Oil advises that the Tingu-1 exploration well in PRL 21, Western Province, Papua New Guinea, spudded at 0030 hrs local time on 26 August 2013. The current operation is drilling the 24” conductor hole. The well is being drilled with Parker Rig 226 and is anticipated to take about 45 days to drill to a planned total […]

  • 12 October 2012

    Horizon Oil, operator of Petroleum Retention Licence (PRL) 21, provided the following revision of the resource estimates for the Elevala and Ketu fields and the Tingu prospect located within PRL 21 in the Western Province of Papua New Guinea. The independent audit has been carried out by RISC, a leading independent petroleum advisory firm. The […]

  • 3 November 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Nearly five years after the Deepwater Horizon explosion led to the release of roughly 200 million gallons of oil into the Gulf of Mexico, scientists are still working to answer the question: Where did all the oil go? During the 2010 crisis, some of the oil gushing from the seafloor appeared as slicks on the […]

  • 24 January 2012

    Horizon Oil announced that it has executed a farmin agreement with Eaglewood Energy Inc. to earn a 25% interest in PPL 259 in Western Province, Papua New Guinea. Under the terms of the farmout agreement, after receipt of requisite government approvals transferring a 25% participating interest share in PPL 259, Horizon Oil will reimburse a […]

  • 18 December 2013

    Horizon Oil has reported that production at Maari field, offshore New Zealand, restarted on 12 December 2013. The producer wells were progressively brought on line and on 17 December all 6 wells had been successfully returned to production and were producing at a rate of approximately 11,600 barrels of oil per day. The wells are being monitored carefully […]

  • 6 March 2014

     Florida Governor Rick Scott yesterday entered into the litigation currently pending in federal court in the Eastern District of Louisiana involving the Deepwater Horizon oil spill. The suit against BP and other responsible parties was filed yesterday by the Florida Department of Environmental Protection in Panama City.   “Today’s filing is a long awaited step in holding […]

  • 24 March 2015
    Exploration & Production, Project & Tenders

    Horizon Oil has announced that production from the Maari MR6A development well, offshore New Zealand, has been brought on stream, with an initial production rate of approximately 7,800 barrels of oil per day (bopd). Participants in the PMP 38160 Joint Venture are: Horizon Oil International Ltd (10%); Cue Taranaki Pty Ltd (5%); Todd Maari Ltd (16%); OMV New Zealand […]

  • 18 July 2017

    Horizon Oil said it has increased its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 – 2.5 tcf gas and 60 – 70 mmbbl of condensate to about 28 percent.