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horizon oil ltd News

horizon oil ltd News From the Web

  • 02/07/12 CNQ's Horizon oil sands plant shut down: source Source: The Globe and Mail - Toronto ON - Canada Canadian Natural Resources Ltd.'s CNQ-T Horizon oil sands plant in northern Alberta is shut down for unplanned repairs and could be off line for two to three weeks, a source with knowledge of the situation said on Tuesday.
  • 02/07/12 BP PLC : Final Results Source: InvestEgate BP's fourth-quarter replacement cost profit was $7,606 million, compared with $4,614 million a year ago.
  • 02/03/12 Horizon Oil scale fit to supply PNG Source: Post-Courier - Port Moresby - Papua New Guinea THE Final Investment Decision (FID) by Horizon Oil (Papua) Ltd will be a scale that will have the capacity to supply PNG customers and other large industries; customers in the Asia Pacific region, Minister for Petroleum and Energy, William Duma said.
  • 01/27/12 BP loses attempt to share Deepwater Horizon oil spill... Source: The Guardian - London - UK An attempt by BP to offload a major part of its Gulf of Mexico oil-spill compensation bill on to the US rig operator Transocean has been thrown out by a US court.
  • 01/24/12 Horizon Oil farms into Eaglewood Energy's PPL 259 in... Source: OilVoice Under the terms of the farmout agreement, after receipt of requisite government approvals transferring a 25% participating interest share in PPL 259, the Company will reimburse a proportionate share of Eaglewood's PPL 259 sunk costs (approx. US$2.5m) and will carry Eaglewood for future seismic and drilling costs to a capped amount of US$6.375m. The drilling program will be operated by Horizon Oil. Brent Emmett, chief executive officer, said, 'At the AGM last November, we flagged our intention of bulking up the company's acreage position around what we see as the sweet spot for liquids-rich gas in the Papuan Basin foreland, which is centred on our planned production hubs at Stanley and Elevala/Ketu. The acquisition of a 25% interest in PPL 259 is part of this strategy and is timely, given the recent drilling success at Elevala-2.

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