Oil spill

Oil firm BG Group has reported a return to profit in 2015 as its takeover by Royal Dutch Shell nears completion.

The company posted a profit of $2.97 billion (£2bn) following a $2.3bn loss in 2014. In the fourth quarter, its losses reduced significantly from $8.3bn to $1.17bn.

BG Group's chief executive, Helge Lund, said: "We are pleased to have delivered an excellent operational performance in 2015 with results in line with, or ahead of, our guidance for the year.

"This strong operational performance is the result of the capability and commitment of our teams across the organisation and we will deliver a high-performing business into the combination with Shell."

Yesterday, Shell revealed that its profit for 2015 and the fourth quarter more than halved.