A date has been set for the North Sea oil summit.
Politicians will meet with industry leaders in Aberdeen on February 2.
Last month Aberdeen City Council called for a meeting to take place as oil prices dropped to below $50 in six months.
The event will take place at the Aberdeen Exhibition and Conference Centre.
Council leader Jenny Laing said: “The City Council called the summit because it is vitally important that the UK and Scottish Governments, industry representatives, trade unions and experts in the field come together to address the falling oil price.
“The impact of plummeting prices on thousands of jobs in Aberdeen and the surrounding region is potentially very serious.
“The City Council needed to take a lead to bring together decision-makers and academics to come up with meaningful responses to the situation.
“I am delighted that the First Minister of Scotland Nicola Sturgeon MSP and the Secretary of State for Scotland the Rt Hon Alistair Carmichael MP have confirmed their attendance at the summit, along with Malcolm Webb from UK Oil & Gas, and we look forward to confirmation of UK Ministers’ representation.”
Council officers are continuing to work with UK and Scottish Governments to finalise details.