Company Market Research Report: New Tech Global (NTG)

Company Overview

Name: New Tech Global (NTG)

Mission: To become an asset and valued partner to clients and contractors, solving problems, not just filling orders.

Founded: 1998

Founders:

Larry A. Cress, P.E.

Regan D. Wood, P.E.

Jeffrey R. Cummins

Daniel R. Lockwood

James R. (Jamie) Polk

Key People:

Larry A. Cress, P.E. - Chairman of the Board

Regan D. Wood, P.E. - Director

Jeffrey R. Cummins - Director

Daniel R. Lockwood - VP Auburn Energy Management, Director

James R. (Jamie) Polk - VP International, Director

Josh Porter - Director

Keith Grimes - CEO, Director

Headquarters: Houston, Texas, USA

Number of Employees: No information is available

Revenue: No information is available

Specialization: Upstream oil and gas consultancy services, project and asset management, environmental solutions, staffing services, and personnel compliance in the petroleum industry.

Products and Services

Business Units

NTG operates through five primary business units:

New Tech Global Ventures: Provides upstream oil and gas consultancy services and W-2 professional placement services.

Auburn Energy Management: Specializes in project management and engineering consulting services.

New Tech Global Environmental: Delivers environmental solutions and sustainability consulting for the energy industry.

New Tech Global Staffing: Offers full-service staffing for manufacturing, industrial, technology, engineering, accounting & finance, and healthcare sectors.

New Tech Global International: Focuses on personnel compliance in the petroleum industry.

Products & Services Overview

Consulting, Recruiting and Staffing

Description: Expertise in engineering and on-site supervision in the upstream oil and gas production and development segment. Capable of broad contract recruiting and staffing in Energy, Manufacturing, Technology, and Healthcare industries.

Key Features: Offers customized contract operations, commercial, and technical advisory.

Environmental Services

Description: Full-service environmental solutions provider for the energy industry.

Key Features: Includes air quality compliance, site assessment, remediation, environmental due diligence, water quality, natural resources, ESG/sustainability, permitting, and regulatory compliance.

Project and Asset Management

Description: Provides customized project and asset management solutions.

Key Features: Covers contract operation, exploration through production management, back office and vendor management, operational optimization, and technical advisory.

Recent Developments

Acquisitions and Partnerships

Recent Acquisition:

Crescent Consulting, LLC: Acquired in April 2024. This acquisition combines Crescent Consulting's operations with NTG, enhancing NTG’s capabilities in manpower provision in the US.

Other Acquired Entities: Tradesmen Direct, Chief Services, and CVM Management.

Strategic Partnership:

Excel Guyana Inc.: Partnership launched in October 2023 to address the shortage of experienced workers in Guyana’s Oil and Gas Industry.

New Products and Features

No specific new products or features were listed from the provided data.

Partnerships & Collaborations

Excel Guyana Partnership: Aims to facilitate business development, recruiting, employer of record services, and various support services. This partnership enhances NTG's ability to maintain safe and productive operations in Guyana’s oil and gas sector.

Conclusion

NTG has shown considerable growth and strategic expansion through organic growth and acquisitions. It remains a leader in providing consultancy, management, and staffing solutions to the oil and gas industry, with a growing footprint in international markets. Despite gaps in specific financial data, their broad service offerings and recent partnerships signal a strong market position and capacity for future growth.