Santos Ltd. is targeting a 10% headcount reduction after Australia’s second-biggest natural gas producer reported a slump in profit on lower oil and gas prices.
Santos Ltd. is targeting a 10% headcount reduction after Australia’s second-biggest natural gas producer reported a slump in profit on lower oil and gas prices.
The Santos Ltd. Logo atop Santos Place building, which houses the company's office, in Brisbane, Australia, on Monday, Dec. 11, 2023. Woodside Energy Group Ltd.’s hopes of a tie-up with Santos to create Asia’s dominant liquefied natural gas exporter face a potential hurdle over the valuation of a target whose shares recently fell to an eight-month low. Photographer: Ian Waldie/Bloomberg
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