HOUSTON, TX – July 20, 2011 – New Tech Engineering, LP, a leader in oil and gas consulting services, recently announced its official company name change to “New Tech Global (NTG)”. Additionally they have brought the family of operating subsidiaries including NTG Consulting, NTG Engineering and NTG Oilfield Solutions underneath the name New Tech Global (NTG), as of June 2011.
Since its inception in 1998, New Tech Engineering has served as an international leader in engineering, oilfield solutions and independent consultancy services. Today, NTG provides services to over 400 Oil and Gas Operators and has more than 500 consultants working around the world.
These changes represent a significant move for the company and it comes at a time when New Tech Global (NTG) is experiencing unprecedented growth in both domestic and international markets. In the first two quarters of 2011, the company’s consulting services comprised 95 percent of total revenues—up from 88 percent of revenues from the start of 2010, reports a record number of independent consultants currently contracted for engineering and well site supervision around the world. Additionally, NTG has experienced an estimated 50% growth in total revenues since the beginning of 2010. “For over a decade, the name New Tech Engineering has been synonymous with providing exceptional engineering and well site services in the oil and gas industry. We are pleased to announce our new name and business structure as a better reflection of the company’s long-term strategy to further advance its global presence and more closely align and strengthen the identity of each of its operating divisions,” said Dick Polk, Vice-President.
About New Tech Global (NTG)
New Tech Global (NTG) is recognized as a global leader in upstream oil and gas consultancy services. NTG is comprised of three primary business subsidiaries that include Consulting, Engineering Services and Oilfield Solutions. NTG’s US branch offices are located in Fort Worth, Midland, Lafayette, Denver and Canonsburg, PA. Internationally, NTG has branch offices in Mexico City and Dubai with ongoing activity in more than 25 countries around the world. For more information about NTG, visit the Company’s website at newtecheng.com.
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