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NEW YORK (AP) — Pioneer Natural Resources Co. and India's Reliance Industries Ltd. have agreed to sell a pipeline and processing company to Enterprise Products Partners LP for $2.15 billion.

Irving, TX-based Pioneer currently owns 50.1% of the Eagle Ford Shale Midstream business, while Reliance owns 49.9% of that business.

The transaction is expected to close in the third quarter of 2015.

Enterprise Products is a gas and oil pipeline company based in Houston.

NEW ORLEANS (AP) — A federal jury has found a former BP executive not guilty of making false statements to investigators in connection with the 2010 Gulf of Mexico oil spill.

Prosecutors said David Rainey, the former vice president of Exploration for the Gulf of Mexico, in the early days of the spill, manipulated calculations to match a far-too-low government estimate of the amount of oil spewing into the Gulf following the explosion of the Deepwater Horizon drilling rig. However, defense attorneys said Rainey's figures were made honestly and that he had no reason to lie.

RICHMOND, Va. (AP) — Dominion Resources has filed lawsuits against 27 Virginia landowners it says haven't allowed surveyors to access their property for a proposed natural gas pipeline.

Dominion announced Wednesday the lawsuits are the first of what could be more than 100 separate complaints filed against landowners Dominion says are legally obligated to allow surveyors to enter their properties, which are along the Atlantic Coast Pipeline's proposed route.

VIENNA (AP) — OPEC decided to keep its oil output target on hold Friday and predicted prices would remain low for the foreseeable future — good news for both for oil-hungry international industries and consumers at the gas pump.

The cartel said its output level would remain at 30 million barrels a day despite the fact that prices were still low compared with a year ago. It left it to member states to restrain any overproduction, an acknowledgment of the cartel's inability to enforce its own limits as it struggles to control world supply and prices.

With the growing use of high-speed separable reciprocating compressors in natural gas storage and transmission applications, the Gas Machinery Research Council (GMRC) sees the need for better guidelines and practices to govern the specification, design and application of this class of compression equipment.

U.S. crude oil production has grown rapidly in recent years, primarily from light, sweet crude from tight resource formations. About 90% of the nearly 3MMbpd growth in production from 2011 to 2014 consisted of light, sweet grades, meaning they have an API gravity of 40 or above and a sulphur content of 0.3% or less.

EIA's Annual Energy Outlook 2015 projects the U.S. supply of lighter API gravity crude oil from formations in regions such as the Bakken, Permian Basin, and Eagle Ford continues to outpace that of medium and heavier crudes.

SemGroup plans to build and operate three pipelines in the Gulf Coast region of Louisiana. Collectively named the Maurepas Pipelines, they will support Motiva Enterprises efforts to interconnect its refinery operations.

WASHINGTON (AP) — Hydraulic fracturing to drill for oil and natural gas has not caused widespread harm to drinking water in the United States, the Environmental Protection Agency (EPA) said Thursday in a report that also warned of potential contamination of water supplies if safeguards are not maintained.

Magellan Midstream Partners and TransCanada have a joint development agreement to connect TransCanada’s Houston tank terminal to Magellan's East Houston terminal. The $50 million project would include a 9-mile, 24-inch pipeline under a 50/50 ownership agreement. It would give TransCanada’s Keystone and Marketlink shippers access to Magellan’s Houston and Texas City crude oil distribution system.

Venture Global LNG has hired two manufacturing and engineering companies for its Calcasieu Pass Project in Cameron Parish, LA. Chart Energy & Chemicals will provide midscale modular technology and Tecnicas Reunidas will handle engineering design for the gas liquefaction and export facility project.

Chart will provide its IPSMR liquefaction technology and proprietary equipment. Tecnicas Reunidas’ will design a multitrain liquefaction plant with 10 MMtpa LNG capacity, two full containment LNG tanks, a 600-MW combined-cycle power plant and marine facilities.