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Shell said its gas-trading earnings were 'significantly higher' in Q4 of 2022 as the firm overcame challenges encountered earlier in the year.

Shell has made one of the largest natural gas discoveries in the Southern North Sea in over a decade.

While the rising cost of energy is strengthening the oil majors after several tough years, it risks a political backlash.

Shell Plc said its earnings from gas trading rebounded in the third quarter.

The growth is expected to be driven by China's shift from coal to gas and economic development in South and Southeast Asia.

Shell expects lower earnings from natural gas trading due to seasonal shifts in the market.

Shell is selling its stakes in a group of North Sea oil fields, according to marketing materials seen by Bloomberg News.

The oil and gas giant now aims to reduce its net carbon intensity by 15 percent to 20 percent by 2030, compared with a previous target of 20 percent.

Shell will come head to head with the Dutch branch of Friends of the Earth on Tuesday.

Shell has started drilling operations on a high-impact gas prospect in the North Sea using a Noble-owned rig.