• Tribology and Lubricants
• /
• v.37 no.6
• /
• pp.246-252
• /
• 2021

Among the engine components of an internal combustion engine, the valve train is a series of systems that supply intake gas to the combustion chamber and operate intake and exhaust valves that discharge exhaust gas. If excessive wear occurs in the valve train system, the suction and exhaust valves do not open and close on time, which leads to abnormal combustion and exhaust gas. In this study, we conduct experiments and analyses on friction and wear characteristics of the valve train system. Moreover, we experimentally study the correlation between the pinball and pinball cap on engine oil lubrication, friction experiment, wear amount analysis, and surface analysis. Specifically, we experiment using Ball on reciprocating tribo-tester and apply commercial engine oil sold on the market engine oil. We construct the experimental conditions for each new oil and oil. Accordingly, the completed specimen was subjected to a confocal microscope to check the wear volume, observe the surface of the specimen, and confirm the elemental components using a scanning microscope (SEM) and an energy dispersion X-ray spectrometer (EDS). Through this experiment, we analyze the friction and wear characteristics of valve train components according to engine oil grade, and the obtained data serve as an effective engine oil management method.

• Economic and Environmental Geology
• /
• v.45 no.1
• /
• pp.59-68
• /
• 2012

With the decline in discoveries of new oil fields and increasing demand from developing countries it is believed that enhanced oil recovery (EOR) technologies will play a key role to meet the energy demand in years to come. Based on the recently-published data, this paper discusses current status of global EOR market and technical development trends. The EOR market includes oil produced through various EOR recovery methods, such as thermal recovery, gas injection, chemical injection. Also, EOR methods are addressed screening criteria by reservoir and fluid characteristics including lithology, depth, thickness, and oil properties such as composition and gravity. Finally, the examples of field applied by various EOR methods are discussed with respect to reservoir characteristics and performance.

• Environmental and Resource Economics Review
• /
• v.21 no.3
• /
• pp.595-625
• /
• 2012

Recently environment-friendly pellet boilers have interests as emissions of greenhouse gases are regulated internationally and energy security becomes more important to oil addicted countries including Republic of Korea. But the Korean market for pellet boilers is on the initial stage due to the high production costs relative to other conventional boilers. Hence the Korean government has supported financially and promoted the pellet boiler business. In this sense, it would contribute market stratergy and effective promotion policy for both of the government and private companies if we can forecast market shares of pellet boilers appropriately. For this purpose, this study surveyed potential consumers' preferences on pellet boilers among various alternatives using a choice experiment reflecting intangible costs. As the market share of new technology increases, intangible costs decline. According to different intangible cost scenarios, we experimented people's preferences on oil, gas, electric, and pellet boilers. A multinomial logit model was employed to estimate coefficient parameters of common attributes for various alternative boilers. Based on the estimates, we forecasted market shares of individual boilers. We found that as intangible costs decline, the market share of pellet boiler increase substantically while market shares of electric and gas boilers decrease dramatically. The market share of oil boiler did not change significantly. Meanwhile, as people are more rich, more educated, and exposed to advertisement on pellet boilers, the likelihood of choosing the pellet boiler increases.

• Journal of Korea Society of Waste Management
• /
• v.35 no.7
• /
• pp.571-586
• /
• 2018

The Malaysian biogas upgrading technologies and policies were examined. In Malaysia, the regulation of palm oil mill effluent (POME) has been enforced to reduce the biochemical oxygen demand to 20 ppm and the biogas capture in the palm oil mills have been recently enforced for renewable energy. A huge amount of organic waste is produced from POME, and 80 million tons from palm oil trees, every year. Due to the renewable energy trends, the Malaysian government is modifying the use of biogases as fuels in favor of their conversion into compressed natural gas (CNG) and other chemicals; various green policies are being promoted because of many advantages of the organic substances. The Korean policies for biogas are a good model for exporting environmental plants after upgrading the digestion and purification technologies. Therefore, this article introduces the current status of POME and biogas production in Malaysia, it could encourage creating a new market for biomethane.

• Environmental and Resource Economics Review
• /
• v.17 no.2
• /
• pp.381-418
• /
• 2008

This study revisits the meaning of energy security by examining the oil market supply and demand conditions of petroleum products and refinery capacity of three Northeast Asian countries(Korea, China, Japan). In 2006, 10.6 million bid of excess demand occurred and is expected to be 15~22 million bid by the year 2030 in this regional oil market. Different oil demand is caused mainly by the different demands for various petroleum products based on each country's economic structures. If the demands are ranked according to their petroleum products, Chinese case shows gasoil > gasoline > fuel oil> LPG > naphtha > Kero/jet and Japanese case shows gasoil > gasoline> naphtha> Kero/jet > fuel oil > LPG, while Korean case shows naphtha> gas oil > fuel oil > LPG > Kero/jet > gasoline, respectively. Total CDU(Crude Distillation Unit) capacity of three northeast asian countries also have been examined in this respect. This study points out the importance of the information on oil demand and supply, on petroleum products and refinery capacities of the three Northeast Asian countries to enhance the security of the oil market in this region.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.53 no.8
• /
• pp.484-489
• /
• 2004

When the energy resource available to a particular plant (be it coal, oil, gas, water, or nuclear fuel) is a limiting factor in the operation of the plant, the entire economic dispatch calculation must be done differently. Each economic dispatch calculation must account for what happened before and what will happen in the future. This paper presents a formulation and a solution method for the optimization problem with a fuel constraint in a competitive electricity market. Take-or- Pay (TOP) contract for an energy resource is the typical constraint as a limiting factor. Two approaches are proposed in this paper for modeling the dispatch calculation in a market mechanism. The approaches differ in the subject who considers and inserts the fuel-constraint into its optimization problem. Market operator and each power producer having a TOP contract are assumed as such subjects. The two approaches are compared from the viewpoint of profits. surplus. and social welfare on the basis of Nash Equilibrium.

• Ocean Systems Engineering
• /
• v.12 no.2
• /
• pp.173-223
• /
• 2022

In oil and gas industry, FPSO concept is the most popular hull form and ship shaped hull form dominants the FPSO market. Only a non-ship-shaped hull in operations with minor market shares is the cylindrical FPSO hull with medium to small storage capability. To add contracting options and competitions to reduce field development costs, an innovative turretless low motion hull, eco-FPSO, with 1MM bbls oil storage capacity and suitable for installing topsides modulars and equipping with regular SCRs, was first introduced in Zou (2020a). Dynamic characteristic responses of the eco-FPSO compared to the traditional SS-FPSO hull and DD-Semi platform are presented and discussed in this paper, suitability and feasibility of the proposed hull have been demonstrated and validated through extensive analyses in 10-yrp, 100-yrp and 1,000-yrp hurricanes in ultra-deepwater central GoM.

• The KSFM Journal of Fluid Machinery
• /
• v.16 no.1
• /
• pp.56-60
• /
• 2013

Non-conventional oil resources such as shale gas are becoming increasingly important and have drawn the attention of several major oil companies all over the world. Nevertheless, the market-changing growth of shale gas production in recent years has resulted in the emergence of environmental and water management challenges. This is because the water used in the hydraulic fracturing process contains large amount of pollutants including ions, organics, and particles. Accordingly, the treatment of this flowback water from shale gas plant is regarded as one of the key technologies. In this study, we examined the feasibility of membrane distillation as a treatment technology for the water from shale gas plants. Direct contact membrane distillation (DCMD) is a thermally-driven process based on a vaper pressure gradient across a hydrophobic membrane, allowing the treatment of feed waters containing high concentration of ions. Experiments were carried out put in the lab-scale under various conditions such as membrane types, temperature difference, flow rate and so on. Synthetic feed water was prepared and used based on the data from literature. The results indicated that DCMD is suitable for treating not only low-range flowback water but also high-range flowback water. Based on the theoretical calculation, DCMD could have over 80% of recovery. Nevertheless, organic pollutants such as oil and surfactant were identified as serious barriers for the application of MD. Further works will be required to develop the optimum pretreatment for this MD process.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
• /
• 2014.10a
• /
• pp.53-55
• /
• 2014

Offshore 에서의 oil & gas 생산은 해상이라는 환경으로 인한 고유의 특성 때문에 항상 다수의 변수들에 영향을 받으며, 막대한 비용이 소요되기 때문에 비용을 최소화하며, 비용 대비 수익을 최대화시키기 위한 optimal design이 필수이다. 본 논문은 가상의 offshore plant와 이에서 생산된 oil의 수요지들을 설정하여 시장수요에 따른 offshore 생산의 최적화 문제를 연구대상으로 하며, 다수의 offshore oil fields를 보유한 major oil company가 당면할 수 있는 offshore production에 관한 문제를 일반화하여 정의하고, 이윤을 극대화시킬 수 있는 최적화 모형을 혼합정수계획모형(mixed integer programming)으로 정식화 하였다. 최적화 모형의 해는 Microsoft office excel solver를 통해 구하였으며 그 계산실험의 결과를 요약하여 보고한다.

• Korea Trade Review
• /
• v.46 no.2
• /
• pp.19-38
• /
• 2021

This study aims to analyze the foreign asset leverage effect on Korean oil & gas companies' foreign profits and to maintain the appropriate foreign asset volume for reducing exchange risk. For a long time, large Korean companies, including oil companies, overheld foreign currency liabilities. For this reason, most large companies have been burdened to hedge exchange risk and this excess limit holding deteriorated total profit and reduced foreign currency asset management efficiency. Our paper proceeds in presenting a three-stage analysis considering diversified exchange risk factors through estimation on transformation of foreign transactions a/c including annual trends of foreign asset and industry specifics. We also supplement incomplete the estimation method through a practical hedging case investigation. Our research parts are differentiated on the analyzing four periods considering period-specifics The FER value of the oil firms ranged from -0.3 to +2.3 over the entire period. The results of the FER Value are volatile and irregular; those results do not represent the industry standard comparative index. The Korean oil firms are over the credit limit without accurate prediction and finance high interest rate funds from foreign-owned banks on the basis on a biased relationship. Since the IMF crisis, liabilities of global firms have decreased. Above all, oil firms need to finance a minimum limit without opportunity losses on the demand forecast and prepare for uncertainty in the market. To reduce exchange risk from the over-the-limit position, we must consider factors that affect the corporate exchange risk on the entire business process, including the contract phase.