• The Journal of Asian Finance, Economics and Business
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• 제4권2호
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• pp.55-68
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• 2017

This research is carried out to investigate the relationship between sustainability practices and performance in a financial sense for Malaysian Oil and Gas sector. Objectives include to study the state of sustainability disclosure among Malaysian oil and gas companies, to understand if companies that practiced sustainability had better performances to their financial bottom-line and to conduct a data analysis to understand the relationship between Environmental, social and governance performance [represented by the acronym ACSI] and financial performance. Sustainability performance is measured using ACSI checklist, which is an adaptation of the GRI 3.0 by Global reporting initiative while financial performance was measured on financial and profitability parameters namely EBITDA, EPS and PE ratio. Secondary data sources are used which were then converted into a rating scale to develop quantitative data. SPSS 21 is used for the analysis. The result shows that the majority of oil and gas companies in Malaysia had poor performance in terms of sustainability disclosure. On all three chosen profitability parameters, the companies that practiced sustainability were found to perform better than their counterparts that did not. Strong and significant relationship exists between sustainability practices and better financial performance.

• 한국응용과학기술학회지
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• 제28권4호
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• pp.455-463
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• 2011

The average sulfur content of crude oil is 2.2%. Coal is about 0.3 to 4.0 percent of the sulfur gases or particles being discharged into the atmosphere through the chimney as 1 to 2% $SO_3$(Sulfur trioxide) and about 95% of the $SO_2$ is reported. $SO_3$ gas, which has many different causes of, as the combustion of sulfur containing fuel during the air due to the excess $SO_2$ gas is oxidized to $SO_3$ gas. Sulfur trioxide emitted from high sulfur heavy oil fired boiler caused white plume in stack and high temperature and cold end corrosion of facilities. So, in order to control sulfur trioxide concentration of Fuel gas in boiler, various of additives are used in other foreign. They are injected to Fuel Oil and consumed in boiler and reduce ash and the conversion rate of sulfur trioxide. In domestic, MgO compounds are used as additives but the total volume of them are made from other foreign company. In this study, MgO compounds were developed with liquid MgO compounds and field application was accomplished. The effect of newly developed chemicals and process were nearly equal to foreign products. In Consequent, the chemicals and process produced by newly developed technology can be substituted for foreign products and reduce the cost of plant operation.

• Ocean Systems Engineering
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• 제6권1호
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• pp.99-115
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• 2016

In meeting the technical needs for deepwater conditions and overcoming the shortfalls of single-layer pipes for deepwater applications, pipe-in-pipe (PIP) systems have been developed. While, for PIP pipelines directly laid on the seabed or with partial embedment, one of the primary service risks is lateral buckling. The critical axial force is a key factor governing the global lateral buckling response that has been paid much more attention. It is influenced by global imperfections, submerged weight, stiffness, pipe-soil interaction characteristics, et al. In this study, Finite Element Models for imperfect PIP systems are established on the basis of 3D beam element and tube-to-tube element in Abaqus. A parameter study was conducted to investigate the effects of these parameters on the critical axial force and post-buckling forms. These parameters include structural parameters such as imperfections, clearance, and bulkhead spacing, pipe/soil interaction parameter, for instance, axial and lateral friction properties between pipeline and seabed, and load parameter submerged weight. Python as a programming language is been used to realize parametric modeling in Abaqus. Some conclusions are obtained which can provide a guide for the design of PIP pipelines.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.599-608
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• 2021

The oil and gas industry is widely known as a vital engine of Vietnam development, stimulating researchers to examine the association of various factors with this industry. The aim of this study is to identify the relationship between different variables affecting profitability of the firms in the oil and gas sector in Vietnam. The total of 203 samples were collected from 29 companies listed on Vietnam Stock Market during a 6-year period from 2012 to 2018. Informed by prior research, this investigation employs financial leverage (FL), government ownership (GOV), dividend payout (DIV), fixed assets to total assets (FA) and exchange rate (EXR) as independent variables, while the profit is described by return-on-assets (ROA). The study results show that there are four factors that have an impact on ROA, namely, leverage, government ownership, dividend, and exchange rate. Whereas leverage and exchange rate have negative influence on ROA, government ownership and dividend payment have a positive effect. The findings of this study suggest that high debt ratio in capital structure and the negative effect of exchange rate on their companies' efficiency can adversely affect the profit of enterprises. Also, plausible extent of government ownership and dividend payment could also be considered to optimize corporate performance.

• The Journal of Asian Finance, Economics and Business
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• 제5권2호
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• pp.25-33
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• 2018

In the globalization and free trade era, the current account deficit problem is a common phenomenon experienced by most countries, both developing and developed countries. Also with managed floating regime of exchange rate, it becomes very important to analyze the dynamics of current account balance which determine the trade. The deficit condition has lasted for four years in Indonesia, as well the deficit value above the value of the surplus that has been experienced during the period 2005-2011. This study is firstly aim to examine the condition of the deficit which happens in the export and import, manufactured goods and oil and gas, whether related to the transaction of goods and services. We try to build a predicted model which near the actual. Then, the focuses examines an exchange rate volatility impact on current account deficit. The model used in this research is a simultaneous model of Indonesia current account deficit from 2005 to 2014. The simulation result indicated that depreciation increase surplus to current account deficit. The decrease of export manufactured goods (non oil and gas) higher than the increase of import. For the oil and gas sector, depreciation of the rupiah against the US dollar results in an increased burden of higher oil and gas imports due to import transactions.

• Tribology and Lubricants
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• 제37권6호
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• pp.246-252
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• 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.

• Geosystem Engineering
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• 제21권6호
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• pp.318-325
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• 2018

Eight tight sandstone reservoir samples from $He_8$ and $Shan_1$ Formations of the Sulige Gas field were selected to perform gas-water micro-displacement experiment based on authentic sandstone micro-model. The gas pressure-relief experiment was proposed for the first time to simulate the pressure change and gas-water percolation characteristics in the process of gas exploitation. The experiment results show that: (1) In the process of gas accumulation, the gas preferentially flows into the well-connected pores and throats with large radius, but rarely flows into the area without pores and throats. (2) Under sufficient gas drive, the water in pores and throats usually exists in the forms of 'thin water film', 'thick water film', and 'water column', but under insufficient gas drive, gas fails to flow into new pathways in time, so that the reservoirs with large pores and throats are high in water cut. (3) Under the same water saturation, the reservoirs with better petrophysical properties has higher gas recovery factor within unit time. Under the same petrophysical conditions, the reservoirs with lower water saturation show higher gas recovery factor within unit time. The higher the permeability, the stronger the liquid carrying capacity of reservoirs.

• 한국가스학회지
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• 제19권6호
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• pp.105-109
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• 2015

본 연구는 해상 유류오염사고가 발생한 경우 효율적인 방재 작업을 수행하기 위하여 개발된 오일 회수장치로서, 오일 회수장치를 통하여 해상에 유출된 기름을 높은 회수율로 신속하게 처리하는 것을 목표로 한다. 오일 회수장치는 기존의 흡착포 및 유류처리제를 이용한 정화 방식에서 발생하는 2차 오염을 방지할 수 있으며 오일 회수율 또한 우수한 특징을 가진다. 또한 유증기에 의한 폭발 방지 기구를 채택하여 오일 회수 작업시 발생할 수 있는 위험 요소를 제거 하였다.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2003년도 하계학술대회 논문집 C
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• pp.1800-1802
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• 2003

This paper describes a study on gas dissolved distribution in oil for simulated transformer thermal faults. Experimental chamber was setup for simulation of transformer thermal faults or discharge in oil with or without insulation paper. The experimental results showed that dissolved gases in oil excluding the paper did not evolved upto $150^{\circ}C$. Hereafter the planned gas dissolved analysis will be continuously carried out for transformer fault conditions with or without insulation paper related to water absorption, arc and partial discharge.

• 수산해양기술연구
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• 제57권3호
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• pp.256-263
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• 2021

In this study, blending oils of diesel oil and butanol were used as fuel oil for diesel engine to measure combustion pressure, fuel consumption, air ratio and exhaust gas emission due to various operating conditions such as engine revolution and torque. Using these data, the results of analyzing the engine performance, combustion characteristics and exhaust emission characteristics such as NOx (nitrogen oxides), CO₂ (carbon dioxide), CO (carbon monoxide) and soot were as follows. The fuel conversion efficiency at each load was highest when driven in the engine revolution determined by a fixed pitch propeller law. Except 30% butanol blending oil, fuel conversion efficiency of the other fuel oils increased as the load increased. Compared to diesel oil, using 10% and 20% butanol blending oil as fuel oil was advantageous in terms of thermal efficiency, but it did not have a significant impact on the reduction of exhaust gas emissions. On the other hand, future research is needed on the results of the 20% butanol blending oil showing lower or similar levels of smoke concentration and carbon monoxide emission rate other than those types of diesel oil.