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NBR, CLNO, OMN, MTL - Market Review From PennyOmega.com!

Posted, by pennylynnomega on September 25th, 2011

Nabors Industries Ltd. (NYSE:NBR) announced its wholly owned subsidiaries Canrig Drilling Technology International Ltd. and Canrig Drilling Technology Ltd. (collectively, "Canrig") have entered into long-term agreements with Managed Pressure Operations International Ltd. ("MPO") whereby Canrig will license from MPO certain technologies related to managed pressure drilling ("MPD"). MPO was a leading provider of MPD solutions including its Non-Stop Driller and Total Control Driller. The Canrig license was exclusive to several major onshore markets, including North, Central and South America and Saudi Arabia.

Nabors Industries Ltd. operates as a land drilling contractor worldwide. It markets approximately 550 land drilling rigs for oil and gas land drilling operations in the United States Lower 48 states, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia, and Africa.

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Solid biomass fuel can be used as it is found, but it often benefits from some processing to make it drier or denser than it is in nature. For example, the process of making charcoal transforms wood into a dry substance that is nearly pure carbon. Removing impurities can also improve efficiency.

Cleantech Transit Inc. (?Cleantech?) (OTC.BB:CLNO) was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.

An on-site biomass-fueled power plant efficiently converts wood and agricultural waste into energy that can be used for electricity and heat, making your business stronger, your bottom line healthier, and our environment cleaner. Discover the benefits of taking the power into your own hands.

Cleantech Transit, Inc. is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

To discover more about CLNO, Please visit: http://www.cleantechtransitinc.com/

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OMNOVA Solutions Inc. (NYSE:OMN) will hold its conference call to discuss third quarter results on Wednesday, September 28, 2011 at 11:00am ET. The call will be hosted by OMNOVA Solutions Chairman and Chief Executive Officer Kevin McMullen. OMNOVA will release earnings on the evening of September 27 for the quarter ending August 31, 2011. The call will be webcast and participants may log on from OMNOVA's website, www.omnova.com.

OMNOVA Solutions Inc. provides emulsion polymers, specialty chemicals, and decorative and functional surfaces for commercial, industrial, and residential end uses primarily in North America, Asia, and Europe.

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Mechel OAO (NYSE:MTL) announced the signing of a strategic partnership memorandum with SAP AG, the world's leading supplier of business management software solutions. As a result of the September 20 meeting between Mechel OAO's Chief Executive Officer Yevgeny Mikhel and SAP AG's President for EMEA Franck Cohen, the two sides signed a memorandum for strategic partnership to increase the efficiency of the company's key processes. The document provides for the gradual implementation of SAP software solutions, based on specialized industry packages in Mechel's mining, steel and sales divisions.

Mechel OAO, through its subsidiaries, operates as a mining and steel company in the Russian Federation and internationally. The company operates in four segments: Mining, Steel, Ferroalloys, and Power.

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Authored by, pennylynnomega
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