• Title/Summary/Keyword: Oil & Gas industry

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A Study on the Disclosure Method of Major Topics in Response to the ESG Management Disclosure Transition-Focused on the Oil and Gas Industry (ESG경영 공시전환에 대응하는 중대토픽 공시방법 연구-석유와 가스산업 중심으로)

  • Park, TaeYang
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.1
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    • pp.53-70
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    • 2022
  • Recently, due to the change to SASB(Sustainability Accounting Standards Board) and GRI(Global Reporting Initiative) Standards 2021, the paradigm for non-financial information disclosure is changing significantly, with the number of ESG topics and indicators that must be disclosed by industry from an autonomous material topic selection method. This study revealed that the number of compulsory topics in the oil and gas industry by GRI standards 2021 is up to 2.4 times higher than the average number of material topics disclosed when domestic companies publish sustainability reports using GRI Standards 2020. In the oil and gas industry, I analyzed the similarities and differences between the GRI standards 2021 and the ESG topics covered by SASB by environmental, social, economic, and governance areas. In addition, the materiality test process, which is different in GRI standards 2021, is introduced, and the issues included in the following 10 representative ESG-related initiatives are summarized into 62 and suggested improvement plans for materiality test used in the topic pool.

Analysis for Economic Induced Effect of Oil and Gas E&P Industry's Business Ecosystem (산업생태계를 고려한 석유·가스개발산업의 경제적 유발효과 분석)

  • Ji Whan Kim;Yoon Kyung Kim
    • Environmental and Resource Economics Review
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    • v.31 no.4
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    • pp.669-691
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    • 2022
  • In this analysis, from the perspective of the business ecosystem, the economic effects of the oil and gas E&P industry were estimated. Australia, Norway, and the US, which are countries that are active in oil and gas E&P projects, and Japan and Korea, which are not, were analyzed. According to the analysis results, every country has a induced production coefficient of the oil and gas E&P industry greater than 1. Norway and the US have formed an industrial ecosystem across all industries, evenly demanding intermediate inputs for the primary, secondary, and tertiary industries. In contrast, Korea and Japan have a very large input ratio from the tertiary industry and an industrial ecosystem centered on the tertiary industry. It should be considered that the high input ratio of certain industry in business ecosystem determine the scale of the induced effect. When the business ecosystem are formed with many industries evenly, and the induced coefficient is high, it is necessary to increase the amount of final demand of the industry to make the effects of coefficient to increase.

Optimum Design of Packaged Skid for Oil & Gas Plant

  • Choi, Hwang-Keun;Shin, H.
    • Proceedings of the Korea Committee for Ocean Resources and Engineering Conference
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    • 2006.11a
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    • pp.269-272
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    • 2006
  • The use of packaged skid in oil and gas plant has increased dramatically over the decades, replacing loose supply equipment. Most equipment is installed on structural skid in manufacturer's shop. As Oil and Gas Plants are constructed at inaccessible area, the demands of packaged skids are increased. The packaged skid have advantages comparing to loose supply equipment in inaccessible area. The packaged skid is small complex plant consists of process, mechanical, piping, instrument, electrical and structural steel. This paper examines advantages and problems of packaged skid, based on previous experience. EPC company consider key factors such as manufacturing period, construction periods, equipment quality and costs.

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The Application Scheme of Management of Technology for Strengthen the Competitiveness in Oil and Gas Plant Industry (오일.가스 플랜트 산업의 경쟁력 강화를 위한 기술경영 도입방안)

  • Song, Young-Woong;Choi, Yoon-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.1 s.35
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    • pp.116-123
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    • 2007
  • Recently orders of project in the field of oil & gas plant have been increased due to raising oil prices and consumptions. Domestic oil & gas companies are expanding into the Middle East area and all over the world. In the field of oil & gas plant, it is important to manage a technical control and a license that is occurred when developing the manufacturing processes and technologies. Because the oil & gas market has a lot of executions of the oversea construction, competitions between the advanced companies is more important. Therefore, we have to adopt systematic management style for achievements of the technical competitive power and the higher position. However, domestic oil & gas plant companies have not enough competitive powers of the license and the design phase. So, they are faced with difficulties of adopting the technology which is maximizing the effect of investments and scheduling a long-range plan. To achieve the technology management and the competitive power, this study proposes a long-range plan through the analysis of execution methods for technology management.

Theoretical Background and Design of Hydraulic Fracturing in Oil and Gas Production (석유가스생산을 위한 수압파쇄기술 설계 이론과 실제)

  • Cheon, Dae-Sung;Lee, Tae Jong
    • Tunnel and Underground Space
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    • v.23 no.6
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    • pp.538-546
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    • 2013
  • This paper deals with a hydraulic fracturing technique, which is one of the methods to maximize the recovery rate and productivity of oil and gas in the petroleum industry. In the hydraulic fracturing, typically water mixed with sand and chemicals is injected into a wellbore in order to create artificial fractures along which formation fluids migrate to the well. In recent years, it is widely used in non-conventional oil and gas such as oil shale and shale gas. Three main stages of the hydraulic fracturing process, the proposed design models for the effective hydraulic fracturing and diagnostics after fracturing treatment are introduced. In addition, this paper introduces reservoir geomechanics to solve various problems in the process of hydraulic fracturing.

Trend of the Unconventional Energy Resources (비재래 에너지자원 동향)

  • Cho, Jin Dong;Kim, Jong Hyun;Park, Kwan Soon
    • Economic and Environmental Geology
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    • v.47 no.3
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    • pp.265-273
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    • 2014
  • Unconventional resources are natural resources which require greater than industry-standard levels of technology or investment to exploit the commercial development. The key point is that unconventional resources are lower quality fuel sources and are not as economically viable as crude oil and conventional gas. Over the past 100 years, Conventional oil and gas has been satisfied with the energy demands. But developing countries such as China and India, the introduction of the developed countries and the surge of energy due to the depletion of unconventional energy resources will be the limelight. According to be analyzed in the academic literature to unconventional gas and oil(2000~2012) by the program of 'web of science', the research activities 402 papers in unconventional gas and 1,581 papers in unconventional oil.

Utilization of alternative marine fuels for gas turbine power plant onboard ships

  • El Gohary, M. Morsy;Seddiek, Ibrahim Sadek
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.5 no.1
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    • pp.21-32
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    • 2013
  • Marine transportation industry is undergoing a number of problems. Some of these problems are associated with conventional marine fuel-oils. Many researchers have showed that fuel-oil is considered as the main component that causes both environmental and economic problems, especially with the continuous rising of fuel cost. This paper investigates the capability of using natural gas and hydrogen as alternative fuel instead of diesel oil for marine gas turbine, the effect of the alternative fuel on gas turbine thermodynamic performance and the employed mathematical model. The results showed that since the natural gas is categorized as hydrocarbon fuel, the thermodynamic performance of the gas turbine cycle using the natural gas was found to be close to the diesel case performance. The gas turbine thermal efficiency was found to be 1% less in the case of hydrogen compared to the original case of diesel.

CO2 Capture from the Petroleum Refining Industry (정유 산업에서의 온실가스 포집)

  • Hong, Yeon Ki
    • Journal of Institute of Convergence Technology
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    • v.11 no.1
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    • pp.13-18
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    • 2021
  • It is widely accepted that the prevention of global warming requires significant reductions in greenhouse gases, particularly CO2 emissions. Although fossil fuel-based power plants account for the majority of CO2 emissions, it is urgent to reduce CO2 emissions in industries that emit large amounts of CO2 such as steel, petrochemical, and oil refining. This paper examines the current status of CO2 emission in the domestic oil refining industry and CO2 emission sources in each unit process in the oil refining industry. Focusing on the previously developed CO2 capture process, cases and applicability of greenhouse gas reduction in FCC and hydrogen manufacturing processes, which are major processes constituting the oil refining industry, are reviewed.

Characteristic of Blending Oil (혼합유의 특성)

  • Kang, Dae-Sun;Lee, Ki-Dong;Nam, Jeong-Gil
    • Journal of Korea Ship Safrty Technology Authority
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    • s.27
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    • pp.2-14
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    • 2009
  • In these days, oil cost is about 70 US dollars, but, on the day of July. 2008, it was over 140 US dollars. This coast led fisheries industry to increasement of operating coast and made public problems such as non-operation of fishing boats and lockout of the related factories. Thus this paper studies the way to use cheap fuel in order to reduce the fuel cost. Normally fishing boat use Marine Gas Oil. this study explains to use blended oil such as MF 60, 100, 180 instead of MGO.

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Analysis of Gas Pipelines Damaged in X-65 Steels (X-65 배관용 재료의 손상해석)

  • Jin, Yeung-Jun
    • Journal of the Korean Society of Industry Convergence
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    • v.8 no.4
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    • pp.197-204
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    • 2005
  • It is well known that pipelines have the highest capacity and are the safest and least environmentally disruptive form of transporting oil and gas. However, pipeline damages caused by both internal and external corrosion is a major concern threatening the reliability of oil and gas transportation and the soundness of pipeline structure. In this study, we estimated the expected allowable damage defect by comparing the ASTM B31G code which has been developed as the evaluation method of reliability and incident prevention of damaged pipelines based on the amount of loss due to corrosion and the yield strength of materials to a modified theory considering diverse detailed corrosional forms. Furthermore, we suggested the method that estimates the expected life span of used pipelines by utilizing the reliability method based on major variables such as, the depth and length of damage and corrosional rate affecting the life expectancy of pipelines.

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