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Looking to expand its options business through acquisition, Nymex Holdings Inc., parent company of the New York Mercantile Exchange Inc., announced last week that it will purchase a 19% stake in Optionable Inc., a provider of natural gas and other energy derivatives brokerage services, from its three founding stockholders.

Looking to expand its options business through acquisition, Nymex Holdings Inc., parent company of the New York Mercantile Exchange Inc., announced Monday that it will purchase a 19% stake in Optionable Inc., a provider of natural gas and other energy derivatives brokerage services, from its three founding stockholders.

Shell Canada Ltd., targeted for a buyout by parent Royal Dutch Shell plc, is nearly doubling its investment spending in 2007 to C$4 billion ($3.5 billion) from the C$2.7 billion set aside this year. About one-quarter of the spending will be directed toward natural gas projects.

Shell Canada Ltd., targeted for a buyout by parent Royal Dutch Shell plc, is nearly doubling its investment spending in 2007 to C$4 billion ($3.5 billion) from C$2.7 billion set aside this year. More than C$3.6 billion is directed for capital expenditures, and another C$400 million is tagged for related exploration and pre-development expenses.

Shares of Glasgow-based Scottish Power PLC, parent company of Portland, OR-based wind power, marketing and storage company PPM Energy, jumped to a new 52-week high on the New York Stock Exchange last Wednesday after the company said that it received a potential buyout offer. On Friday Spanish power company Iberdrola confirmed that it is looking at potential deals with Scottish Power and “other alternatives.”

Shares of Glasgow-based Scottish Power PLC, parent company of Portland, OR-based windpower, marketing and storage company PPM Energy, soared Wednesday about 13% on the New York Stock Exchange after the company said that it received a potential buyout offer.

Nymex Holdings Inc., parent of the New York Mercantile Exchange and the Commodity Exchange Inc (Comex), took another step toward its promised initial public offering (IPO) Friday, announcing it had filed a definitive proxy statement with the Securities and Exchange Commission for an IPO. Shareholders will vote on the IPO at a special meeting on Oct. 12.

Nymex Holdings Inc., parent of the New York Mercantile Exchange and the Commodity Exchange Inc (Comex), took another step toward its promised initial public offering (IPO) Friday, announcing it had filed a definitive proxy statement with the Securities and Exchange Commission for an IPO. Shareholders will vote on the IPO at a special meeting on Oct. 12.

Western Gas Resources Inc. of Denver said last week the Wyoming Public Service Commission (PSC) approved its application to transfer control (at the ultimate parent level) of Mountain Gas Transportation Inc. and MGTC Inc. from Western to Anadarko Petroleum Corp. This was the last remaining regulatory approval required prior to the closing of the merger of Western with a subsidiary of Anadarko (see NGI, June 26).