Gulf Oil is one of the most iconic sponsors in Formula 1, with the company being a part of the sport for decades, mainly with Woking-based outfit McLaren.
The oil company’s deal with McLaren expired at the end of last year however, leaving fans to wonder whether the logo that has become commonplace in the sport would be seen again this year.
Fans will remember Gulf Oil for the stunning special livery that McLaren used at the 2021 Monaco Grand Prix, a look which had people up and down the paddock mesmerised.
The brand have now given F1 some good news on social media, heavily hinting that they will return to the sport this year with a different team.
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“Big F1 news coming soon, What are you most looking forward to in the new season?” wrote Gulf Oil International on Twitter, accompanied by a photograph of a blacked out Formula 1 car.
RacingNews365.com understands that the team in question is Williams, who are reportedly set to announce their new partnership with Gulf Oil in the next couple of days.
This sponsorship news will come as a huge relief to the team, having struggled to find a secure and reliable sponsor in recent seasons, when money has been so crucial to helping the team with their planned ascent up the grid.
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Williams were previously partnered with tech company ROKiT but were forced to take them to court after payments were stopped around the time of the COVID-19 pandemic.
The team were eventually awarded the £26m that they were owed from ROKiT, but were left without a title sponsor while they languished at the back of the grid with Haas, who also split from their title sponsor Uralkali following Russia’s invasion of Ukraine.
Williams’ announcement comes at a good time for the team, as Haas have recently announced their partnership with MoneyGram, putting them in a financial position to hit the budget cap this season and edge ever closer to becoming a regular point scoring team.