M&As this week: John Wood Group, Jadestone Energy, Harmony Merger

John Wood Group has agreed to acquire Amec Foster Wheeler. The transaction is estimated to be valued at approximately $2.7bn and will involve the transfer of Wood Group shares to Amec Foster shareholders at a ratio of 0.75:1.

Amec Foster’s shareholders will own 44% stake in Wood Group upon completion of the transaction.

Wood Group has appointed J.P. Morgan and Credit Suisse International as financial advisors for the transaction.

The acquisition is scheduled for completion in the second half of this year.

Jadestone Energy has acquired Talisman (Ogan Komering), (TOKL) from Repsol Oil & Gas Canada through its wholly owned subsidiary Jadestone Energy International Holdings.

The deal involved a cash consideration of $5.8m, which was funded by Jadestone through cash in hand.

TOKL holds 50% stake in Ogan Komering production sharing contract (PSC) located in the south Sumatra basin, Indonesia.

Jadestone holds 50% stake in the PSC, while the remaining 50% is owned by Pertamina as a result of the acquisition.

The acquisition allows Jadestone to expand its oil and gas business to Indonesia.

Harmony Merger intends to acquire NextDecade in a reverse take-over transaction. NextDecade is engaged in the development of LNG export projects and associated pipelines in Texas, US.

NextDecade will become a public listed company and shareholders of Harmony will hold approximately 13.4% stake in the combined company, upon completion of the transaction.

NextDecade has appointed Height Securities as financial advisor and King & Spalding as legal advisor for the transaction.

The transaction is scheduled for completion in the second quarter of this year and will allow NextDecade to expand its products and services portfolio.

Painted Pony Petroleum has agreed to acquire all of the issued and outstanding shares of UGR Blair Creek from Unconventional Resources Canada. The $205.43m deal will be funded by Painted Pony through the issuance of shares.

UGR owns 69,143 net acres of land located next to Painted Pony’s assets in north-east British Columbia.

Painted Pony has retained TD Securities and Cormark Securities as financial advisors for the transaction.

The acquisition is scheduled for completion on or before 16 May.