New Times Energy Corp. Ltd. is an investment holding company, which engages in the acquisition, development, and operation of oil and gas properties. Its portfolio includes Palmar Largo, Tartagal Oriental & Morillo, and Chirete projects. The company operates through the following business segments: Upstream, and Commodity Trading. The Upstream segment engages in the exploration, development, production and sale of crude oil. The commodity Trading segment includes trading of non-ferrous metals and other products. New Times Energy was founded on July 23, 1998 and is headquartered in Hong Kong.