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The Chief Executive of Centrica, Iain Conn, has told ITV News that unless the government cuts taxes for oil and gas providers in the next Budget, there will be job losses in the North Sea.
Britain's biggest residential energy supplier British Gas has reported a sharp increase in profits for 2015.
Energy group Centrica confirmed a 31% increase in operating profits at its British Gas residential arm at £574 million last year.
However, wider group underlying earnings at owner Centrica fell 12% to £1.46 billion.
Operating profit the previous year was at £439 million.
Earlier this month, the company announced it is cutting 500 jobs saying it had to be competitive in a "fast-changing" energy market.
Latest ITV News reports
While wholesale energy prices drop, profits at British Gas have surged - is this fair play or are customers over-paying?
A boost in profits for British Gas sparks further controversy over the debate on energy prices and whether customers are treated fairly.