Nick Coleman

London

Senior Editor, Oil News at S&P Global

S&P Global Oil News Senior Editor: North Sea, Caspian, Russia. Ex-AFP, ex-resident Mansoura, Vilnius, Minsk, Riga, Almaty, Moscow, HK.

Articles

Is your corporate social responsibility program customizable?

4 weeks ago | cuinsight.com | Nick Coleman

One-size-fits-all impact programs rarely meet the needs of an entire business. Consider the credit union industry: while all credit unions work on benefiting their community, the specific challenges and priorities can vary significantly based on your local footprint. For instance, a credit union in a rural area might focus on supporting agriculture families and local schools, while a credit union in a bustling urban center might prioritize addressing food insecurity and youth development programs.
DCUC advocates for military and veteran financial well-being

2 months ago | cuinsight.com | Robbie Young |Jason Stverak |Nick Coleman |Bill Brown

Recently, there have been discussions about how DCUC advocates for military financial well-being amid the ongoing concerns over the Treasury nominee. DCUC has expressed its concerns to the Senate Finance Committee regarding the nomination of Ken Kies as Assistant Secretary of the Treasury for Tax Policy. In a letter to the committee, DCUC urged them to question Kies about his past advocacy for repealing credit unions' tax-exempt status.
The importance of advocating for CDFIs: Strengthening financial access for communities

2 months ago | cuinsight.com | Jason Stverak |Nick Coleman |Bill Brown |Katie Stone

The Community Development Financial Institutions (CDFI) program has been a cornerstone of financial empowerment for underserved communities for over 30 years. Following President Trump’s March 14 executive order seeking to scale back the CDFI Fund, concerns have mounted over the potential consequences of this decision. However, there has been recent reports that the Treasury has stated all CDFI programs are legal.
UK oil and gas decommissioning spend nears $3 billion/year as transition pressures grow: report

Nov 18, 2024 | spglobal.com | Nick Coleman

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Norway's Sverdrup crude production halted by power outage: operator

Nov 18, 2024 | spglobal.com | Nick Coleman

Norway's highest-producing oil field, Johan Sverdrup, has temporarily halted production due to an issue with an onshore electricity transformer that powers the oil field facilities, operator Equinor said Nov. 18. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. There is no current guidance on when production from the giant North Sea field will resume, an Equinor spokesperson told S&P Global Commodity Insights.
Dutch appeals court overturns ruling requiring Shell to reduce emissions

Nov 12, 2024 | spglobal.com | Nick Coleman

The Dutch Court of Appeal overturned Nov. 12 a lower court ruling that required Shell to cut its global carbon footprint by 45% by 2030, ruling that Shell has a more general obligation to reduce its emissions by an unspecified amount. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Shell welcomed the overturning of the earlier judgement by a district court in 2021 in a case brought by the Dutch chapter of Friends of the Earth.
Shell cuts capex guidance, says higher Q3 oil and gas output boosts resilience

Oct 30, 2024 | spglobal.com | Nick Coleman

Shell on Oct. 31 reined in its 2024 capital expenditure guidance to below its earlier indication of $22 billion-$25 billion and pointed to its lowest debt gearing since 2015 as the industry undergoes a period of oil price weakness. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
UK softens North Sea oil and gas tax hike, retaining capex allowance

Oct 30, 2024 | spglobal.com | Nick Coleman

UK Chancellor Rachel Reeves on Oct. 30 confirmed a three percentage point hike in North Sea oil and natural gas taxation along with the removal of an investment allowance, but refrained from a more draconian hike amid industry warnings of a hit to investment and a risk of accelerating output decline. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
Norway's Sverdrup oil output to remain at plateau to early-2025 after record high: Equinor

Oct 23, 2024 | spglobal.com | Nick Coleman

Norway's prolific Johan Sverdrup oil field is now expected to go into production decline early in 2025 rather than late-2024, after hitting a record high one-day production rate of 756,000 b/d in the third quarter, state-controlled Equinor said Oct. 24. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
UK oil and gas companies shed execs, directors amid industry warnings

Oct 15, 2024 | spglobal.com | Nick Coleman

North Sea upstream companies Deltic Energy and Neo Energy announced high-level executive and board level departures Oct. 15 following recent warnings of growing uncertainty over the outlook for the UK's upstream oil and gas sector. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.