Council Leader Jenny Laing last night announced that Aberdeen's North Sea oil summit will take place on Monday 2 February at the city's exhibition centre.

Councillor 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. We need 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".

Council officials continue to work with UK and Scottish Governments to finalise the programme details.

Meanwhile, oil giant BP - which recently celebrated its 50th birthday in N. Sea operations - is expected today (15 January) to announce substantial job cuts in its offshore operations in response to the collapse in crude oil prices.

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