Pikka Project

Product

Last mentioned: Feb 19, 2026

Timeline

  1. FY26 Outlook Review

    Company to report on the success of cost-saving measures and volume targets.

  2. Restructuring Implementation

    Expected completion of the headcount reduction and organizational streamlining.

  3. FY25 Earnings Release

    Santos reports a 33% drop in net profit and announces a 10% workforce reduction.

  4. Pikka Phase 1 Start

    Anticipated commencement of production at the Alaska-based Pikka project.

Stories mentioning Pikka Project 1

commodities Bearish

Santos Slashes 10% of Workforce Following 33% Annual Profit Decline

Australian energy major Santos has announced a 10% reduction in its workforce following a sharp 33% drop in annual net profit for fiscal year 2025. The restructuring aims to bolster cost-efficiency as the company navigates a period of lower global energy prices and prepares for the launch of major projects in Alaska and Australia.

2 sources