$E

The UK plans to expand its shared rural network with 150 new 4G masts, adding 5,684 sq km of coverage and running until Jan 2027, covering areas like the Lake District, Snowdonia and Exmoor. Separately, e& UAE tested RedCap readiness on a live network. Digi reported Q2 revenue up 11% to €608m and adjusted EBITDA up 23% to €169m. TalkTalk Business plans to merge with ARO. VodafoneThree cited on-the-go connectivity as a productivity drag and launched a new “Let Fun In” campaign.

Kazakhstan escalated a confidential arbitration over the Kashagan oil field, alleging corruption and inflated procurement tied to about a dozen contracts totaling $10.7 billion. Kazakhstan seeks about $160 billion overall, including environmental damage and lost profits. The North Caspian Operating Company consortium, including Shell and ExxonMobil, denies the claims. No tribunal ruling yet.

The article says U.S. President Donald Trump criticized oil majors ExxonMobil and Chevron after they reported strong 2026 Q2 profits, attributing gains to supply disruptions from the U.S.-Israeli war with Iran and higher oil prices. It cites Guardian estimates of $93B total profits for eight majors and lists ExxonMobil $14.5B, Chevron $12.2B, Shell adjusted $9.8B, BP $5.7B. It also notes Saudi Aramco net profit rose 44% to $32.69B despite Strait of Hormuz disruptions, while U.S. gasoline average

Eni and TotalEnergies say they took the final investment decision on the Cronos offshore gas project in Cyprus, targeting first production by 2028. The field is estimated at over 3 Tcf, with plans for four subsea wells and peak output around 500 million cubic feet per day. Gas would be processed via Egypt’s Zohr and Damietta LNG infrastructure operated by Eni.

A Guardian analysis says eight listed oil firms, including Saudi Aramco, BP, Shell, Equinor, TotalEnergies, Eni, Chevron and ExxonMobil, earned nearly $93bn in net profit in the three months to end-June, after Iran-related conflict pushed oil above $126/bbl. Aramco’s quarterly net income rose 34% to over $33bn; BP reported about $5.73bn. The article links profits and emissions to climate impacts and cites criticism from officials and campaigners.

The article lists upcoming U.S. and Canada economic releases and scheduled earnings for the week. Key data include U.S. manufacturing and services PMIs, job openings, ADP and the employment report, and initial jobless claims. It also cites quarterly EPS figures for companies such as PLTR, VRTX, MAR, AMD, CAT, LLY, NVO, and COP, among others.

Eni and TotalEnergies approved the first major Cyprus offshore gas project for the Aphrodite area, discovered in 2022 and 185 km southwest of Cyprus. The field has over 3 trillion cu ft of gas, with first production expected in 2028. Eni plans to use Egypt’s Zohr infrastructure, targeting about 2.8 million tons per year LNG. A Cypriot analyst estimated cost at $2.5-3B.

TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision (FID) for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024. Located in deep offshore waters approximately 185 km southwest of the coast of Cyprus, Cronos will be developed through four subsea wells.

Reuters reports refiners are increasingly buying Venezuelan crude directly from PDVSA, bypassing intermediaries such as Vitol and Trafigura. Phillips 66 and Reliance have signed direct supply deals, with Valero and Tipco expected to follow. Chevron’s exports rose to 293,000 bpd in Q2, and analysts estimate up to $700 million in annual operating cash flow impact.

Eni said it is opening its supercomputing infrastructure to companies, start-ups, and research centers to support AI solutions and digital innovation. Eni cited partners including Domyn, Mercuria, Dompé, Almawave, Reply, and the Bruno Kessler Foundation. Eni also highlighted its HPC6 and HPC7 systems, claiming combined performance above exascale. Separately, Aramco plans a $372.5 million supercomputer project delivered by early 2027.