Aramco

Houston – October 16, 2026 -- The 2026 Gulf Energy Information Excellence Awards drew a record 560 nominations, the most in the program's history, and presented 44 awards across the upstream, midstream and downstream sectors at a black-tie gala at The Post Oak Hotel.

AI wins Best Digital Transformation in all three sectors

Artificial intelligence earned Best Digital Transformation honors in the upstream, midstream and downstream categories. Lower-carbon work in ammonia, hydrogen and CO2 recovery was recognized alongside advances in drilling, deepwater and pipeline integrity.

The individual awards covered careers at every stage, from the industry's most promising engineers to lifetime achievers.

Dhahran, Saudi Arabia – October 08, 2026 -- National Energy Services Reunited Corp. (NESR) has signed an agreement with Aramco worth up to approximately $200 million over five years to execute the Aramco 2027 Lithium Demonstration Project, marking Saudi Arabia's first lithium production initiative.

Project targets 2,000 tons of battery-grade lithium carbonate annually

The facility aims to produce 2,000 tons per annum (tpa) of battery-grade lithium carbonate, with commissioning and production start planned for late 2027. NESR's business segment, NESR Environmental and Decarbonization Applications (NEDA), will execute the turnkey project.

Lexington, Ky. – September 13, 2026 -- Valvoline Global Operations has signed a definitive agreement to acquire Luval S.A., a Chilean manufacturer and distributor of high-performance lubricants, greases, and maintenance products, deepening its footprint in Latin America. Terms of the transaction were not disclosed.

Deal builds on 37-year partnership between the two companies

Valvoline Global and Luval have maintained a commercial relationship spanning 37 years, with Luval serving as the brand's representative in the Chilean market. The acquisition formalizes that relationship by merging Valvoline Global's fluid technology leadership with Luval's local operational and commercial infrastructure.

Riyadh, Saudi Arabia – September 08, 2026 -- Quantinuum and Aramco have signed a non-binding memorandum of understanding to explore industrial applications of quantum computing across the energy sector, the companies announced.

Aramco and Quantinuum plan technical onboarding to identify energy-sector challenges suited to quantum computing

Under the MOU, the two companies intend to undertake preliminary technical onboarding and knowledge exchange activities. They will identify Aramco's operational and scientific challenges that may be suitable for quantum computing research, with emphasis on solving complex problems tied to energy and digital transformation.