Marathon Oil Corporation has agreed to acquire PayRock Energy, LLC. The $888m deal will be funded by the company using cash in hand.

PayRock owns approximately 61,000 net acres in the Anadarko Basin Stack play in Oklahoma. The deal, which is scheduled for completion in the third quarter of 2016, will allow Marathon Oil to extend its unconventional oil play operations.

Jefferies Finance LLC is the financial advisor to PayRock Energy.

"The deal implies a maximum net value of approximately $180m."

Milaha (formerly Qatar Navigation QSC), through its wholly-owned subsidiary Milaha Capital WLL, has signed a pact with Al Shaheen Holding (ASH) to acquire the entire issued share capital of Al-Shaheen Energy Services Limited (ASES).

The deal implies a maximum net value of approximately $180m, which will be funded using existing cash reserves.

The transaction is scheduled for completion in the fourth quarter of 2016.

Palfinger AG, through its wholly-owned subsidiary Palfinger Marine GmbH, plans to acquire TTS Group ASA in a $71m deal.

Palfinger has appointed Norne Securities and InFima as the financial advisors, and Advokatfirmaet Selmer as the legal advisor for the transaction.

The deal is scheduled for completion either in the fourth quarter of 2016 or in January 2017.