This study discovered market determinants of credit default swap (CDS) spreads in the North American oil and gas industry. Due to the limited theoretical background on market sources of CDS price fluctuations, we chose to alleviate model uncertainty and possible misspecification issues using Bayesian model averaging. This robust framework allowed us to aggregate results from a vast number of linear panel models estimated over the 2017−2020 period. We identified oil price volatility, major shifts in the OPEC+ supply policy, natural gas prices and industrial metal prices as the most robust determinants of CDS spreads. We show that following the onset of the COVID-19 pandemic, oil prices ceased to be a notably important determinant of credit risk, as factors indirectly related to oil prices, such as global and sectoral uncertainty, financial conditions and the macroeconomic stance became more influential. Additionally, we show that the CDS spreads of shale companies are determined by simi... [more]

The electric power sector in countries suffering from crises and wars such as Syria, Iraq, Yemen, Libya, etc., is among the most affected infrastructures. Since this sector plays a vital role in the economic growth and in improving people’s quality of life, the post-crisis reconstruction of this sector must take into account the requirements and concepts of sustainable development (SD) in addition to technical and economic considerations. This article discusses the role that renewable energy sources (RES) can play in achieving SD in the post-crisis reconstruction phase of the Syrian Electric Power Sector (SEPS) as a case study. Based on the available data, the study period was chosen from 2005 to 2017 and divided into two periods. In the first period (2005−2010), which is the pre-crisis period, the structure of the SEPS and its main characteristics were described while the adoption of RES solutions and SD concepts were investigated. In the second period (2011−2017), the crisis period,... [more]

Renewable energy is expected to experience epic growth in the coming decade, which is reflected in the record new installations since 2010. Wind energy, in particular, has proved its leading role among sustainable energy production means, by the accelerating rise in total installed capacity and by its consistently increasing trend. Taking a closer look at the history of wind power development, it is obvious that it has always been a matter of engineering taller turbines with longer blades. An increase in the tower height means an increase in the material used, thereby, impacting the initial construction cost and the total energy consumed. In the present study, a numerical investigation is carried out in order to actively compare conventional cylindrical shell towers with lattice towers in terms of material use, robustness and environmental impact. Lattice structures are proved to be equivalently competitive to conventional cylindrical solutions since they can be designed to be robust e... [more]

Apparent gas permeability (AGP) is a significantly important parameter for productivity prediction and reservoir simulation. However, the influence of multiscale effect and irreducible water distribution on gas transport is neglected in most of the existing AGP models, which will overestimate gas transport capacity. Therefore, an AGP model coupling multiple mechanisms is established to investigate gas transport in multiscale shale matrix. First, AGP models of organic matrix (ORM) and inorganic matrix (IOM) have been developed respectively, and the AGP model for shale matrix is derived by coupling AGP models for two types of matrix. Multiple effects such as real gas effect, multiscale effect, porous deformation, irreducible water saturation and gas ab-/de-sorption are considered in the proposed model. Second, sensitive analysis indicates that pore size, pressure, porous deformation and irreducible water have significant impact on AGP. Finally, effective pore size distribution (PSD) and... [more]

The RAST-K v2, a novel nodal diffusion code, was developed at the Ulsan National Institute of Science and Technology (UNIST) for designing the cores of pressurized water reactors (PWR) and performing analyses with high accuracy and computational performance by adopting state-of-the-art calculation models and various engineering features. It is a three-dimensional multi-group nodal diffusion code developed for the steady and transient states using microscopic cross-sections generated by the STREAM code for 37 isotopes. A depletion chain containing 22 actinides and 15 fission products and burnable absorbers was solved using the Chebyshev rational approximation method. A simplified one-dimensional single-channel thermal-hydraulic calculation was performed with various values for the thermal conductivity. Advanced features such as burnup adaptation and CRUD modeling capabilities are implemented for the multi-cycle analysis of commercial reactor power plants. The performance of RAST-K v2 ha... [more]

In order to use secondary waste from an incineration plant, it is necessary to process or treat it. Valorization of municipal solid waste incineration bottom ash (MSWIBA) is a popular treatment method. Moreover, there are other possibilities, such as alkaline pre-treatment, which can be used for the rest of the secondary waste from incineration plants, especially hazardous fly ash. The purpose of this study is to show the problem of secondary waste in Poland in relation to the rest of Europe. Due to the physicochemical research of secondary waste, the possibilities of the procedure and its management are indicated. By analyzing the literature and the market, the latest possibilities for improving the physicochemical properties of secondary waste are proposed. Searching for new methods for waste management is essential to the environment. This manuscript presents the problem of the increasing amount of waste, as well as possibilities to close the loop, and minimize the negative impact o... [more]

One of the basic objectives of the European Union’s energy policy is to obtain and use energy in a sustainable way. Multiple-criteria decision making (MCDM) methods, in particular linear ordering based on the synthetic variable procedure, are used for comparative analyses of the level of energy sustainability. Despite many studies, the problem of choosing the optimal ordering method is still not fully resolved. This paper presents an original procedure that facilitates the selection of an effective method of the linear ordering of multi-feature objects for the evaluation of sustainable energy development of regions. What is understood as the effective ordering of regions is not only the effective ranking of objects but also their effective clustering. In order to obtain the best results of linear ordering, the authors put forward a multi-stage optimization of the selection of the method of ordering and normalization of diagnostic variables. Analysis of variance was used for the assessm... [more]

Vertical greenery systems (VGS) are effective at solving urban heat. They can absorb noise pollution and dust, and, aesthetically, they are positively perceived. Systems using hydroponic irrigation and nutrition, in combination with mineral wool as a base, are light and effective (they are able to hold water, with a high percentage of air, and a good mechanical structure to hold the plant stable). However, the functionality of a system can be compromised if the water supply is depleted or the irrigation system fails. This deficiency can be partially remedied if a certain amount of biochar or a suitable organic fertilizer is also a part of the system. The research task consisted of verifying this assumption and determining the effective amount of the biochar. Samples with different amounts of biochar were examined under the same temperature and humidity conditions; extended drying times, additional costs, and safety tank size savings were found. Subsequently, the effective amount of the... [more]

The aim of this study was to elaborate and validate a reduced order model able to forecast solar heat gains as a function of the architectural parameters that determine the solar heat gains. The study focused on office buildings in Catalonia and Spain and their physical values were taken from the Spanish Building Technical Code and European Union Directive 2018/844. A reduced order model with three direct variables (solar heat gain coefficient, shade factor, window to wall ratio) and one indirect design variable (building orientation) was obtained and validated in respect to the International Performance Measurement and Verification Protocol. Building envelope properties were fixed and the values were taken from the national standards of Spain. This work validates solar heat gain coefficient as a primary variable in determining the annual solar heat gains in a building. Further work of developed model could result in building energy need quick evaluation tool in terms of solar heat gai... [more]

This paper presents a short-term wind power forecasting model for the next day based on historical marine weather and corresponding wind power output data. Due the large amount of historical marine weather and wind power data, we divided the data into clusters using the data regression (DR) algorithm to get meaningful training data, so as to reduce the number of modeling data and improve the efficiency of computing. The regression model was constructed based on the principle of the least squares support vector machine (LSSVM). We carried out wind speed forecasting for one hour and one day and used the correlation between marine wind speed and the corresponding wind power regression model to realize an indirect wind power forecasting model. Proper parameter settings for LSSVM are important to ensure its efficiency and accuracy. In this paper, we used an enhanced bee swarm optimization (EBSO) to perform the parameter optimization for LSSVM, which not only improved the forecast model avai... [more]

During drilling of petroleum or geothermal wells, unforeseen circumstances occasionally happen that require suspension of the operation. When the drilling fluid is left in a static condition, solid material like barite may settle out of the fluid. Consequently, the induced hydrostatic pressure that the fluid exerts onto the formation will be reduced, possibly leading to collapse of the borehole or influx of liquid or gas. A possible mitigation action is placement of a gel pill. This gel pill should preferably be able to let settled barite rest on top of it and still transmit the hydrostatic pressure to the well bottom. A bentonite-based gel pill is developed, preventing flow of higher density drilling fluid placed above it to bypass the gel pill. Its rheological behavior was characterized prior to functional testing. The designed gel pill develops sufficient gel structure to accommodate the settled barite. The performance of the gel was tested at vertical and 40° inclination from verti... [more]

The lateral stability control of tractor semi-trailer plays a vital role for enhancing its driving safety, and the distributed electric drive structure of a hub motor creates opportunities and challenges for realising the lateral stability accurately. Based on the dynamics simulation software TruckSim, a nonlinear dynamic tractor semi-trailer model is established, and a MATLAB/Simulink linear three-degree-of-freedom monorail reference model is established. The upper controller adopts fuzzy proportional−integral−derivative control to export active yaw torque values of the tractor and semi-trailer. The lower controller outputs the driving/braking torque of each wheel according to the target wheel driving/braking rules and torque distribution rules. The tractor produce an active yaw torque through conventional differential braking the hub motor is installed on both sides of the semi-trailer, and the active yaw torque is produced by the coordinated control of the driving/braking torque of... [more]

This paper investigates the mechanical cutting effect on the performance of induction motors. Numerical modeling of cutting effect is described in this paper. The approach inverts the degradation of the permeability model for inclusion of it into magnetic vector potential formula by Newton method. The effect of cutting on iron losses is implemented in finite element simulation. The simulation results are compared with experimental results of prototype IE4 efficiency induction motors rated at 2.2 kW. One of them was manufactured with annealed electrical steel lamination to highlight the cutting effect on the performance of the motor. The notable effect of cutting was measured in increased stator current; however, negligible differences were found in measured iron losses. The presented model in this paper follows the measurements.

The closure process of underground coal mines entails specific risks which require a careful liquidation methodology, including the implementation of relevant risk mitigation procedures to identify the key hazards to the environment and humans. As gas represents one of the major risks, it needs to be taken into consideration in the liquidation process. Given its adverse effect on the environment, methane, a greenhouse gas, requires particular attention and may also reach dangerous concentrations in the ground floor areas and basements of buildings as well as in areas where mine closure works are conducted, leading to intoxication, asphyxia or explosions. This paper presents a risk analysis of the methane hazard occurring at the final stage of the closure process of a Polish underground mine. It applies a methane emission model created jointly by the National Institute for the Environment and Industrial Hazards (INERIS) in France and the Central Mining Institute (GIG) in Poland. The ana... [more]

We examined the cost implications of selecting six different types of heat exchangers as the lean/rich heat exchanger in an amine-based CO2 capture process. The difference in total capital cost between different capture plant scenarios due to the different costs of the heat exchangers used as the lean/rich heat exchanger, in each case, is in millions of Euros. The gasketed-plate heat exchanger (G-PHE) saves significant space, and it saves considerable costs. Selecting the G-PHE instead of the shell and tube heat exchangers (STHXs) will save €33 million−€39 million in total capital cost (CAPEX), depending on the type of STHX. About €43 million and €2 million in total installed costs (CAPEX) can be saved if the G-PHE is selected instead of the finned double-pipe heat exchanger (FDP-HX) or welded-plate heat exchanger, respectively. The savings in total annual cost is also in millions of Euros/year. Capture costs of €5/tCO2−€6/tCO2 can be saved by replacing conventional STHXs with the G-PH... [more]

Aiming at the performance evaluation problem of tidal energy turbines in the application of periodic time-varying flow velocity, with the goal of maximizing the efficiency of energy harvesting in practical applications, an evaluation system combining the characteristics of flow velocity changes in practical applications is proposed. After long-term monitoring of tidal current flow velocity in the applied sea area, the actual measured tidal current periodic flow velocity is divided into several flow velocity segments by using statistical segmentation, and the evaluation flow velocity of each flow velocity segment and its time proportion in the tidal current cycle are obtained. A test device with constant torque regulation is built, and capture power tests of different torque loads are carried out under each evaluation flow rate. After comparison, the maximum captured power at each evaluation flow rate is determined. We calculate the weight based on the time proportion of each evaluation... [more]

The article presents an original and innovative technical solution for the exploitation of low-temperature excess heat from hot water boilers that use gas or liquid fuel for the needs of high-temperature heating in buildings or in industry. The primary fuel efficiency used for hot water boilers can be significantly increased by utilizing the excess low-temperature heat of flue gases that are discharged into the environment and thus also reduce CO2 emissions. Hot water systems usually operate at higher temperatures of the heating water, which is transported to the heat consumer via supply pipe, and the cooled heating water is returned to the hot water boiler via the return pipe. For the excess low-temperature heat exploitation of the flue gases from hot water boiler, it is necessary to install a condenser in the flue gas discharge pipe, where condensation of water vapour present in the flue gas heats water or a mixture of water and glycol. The heating water, which is cooled and returned... [more]

The article presents an implementation of a low power Quasi-Cyclic Low-Density Parity-Check (QC-LDPC) decoder in a Field Programmable Gate Array (FPGA) device. The proposed solution is oriented to a reduction in dynamic energy consumption. The key research concepts present an effective technology mapping of a QC-LDPC decoder to an LUT-based FPGA with many limitations. The proposed decoder architecture uses a distributed control system and a Token Ring processing scheme. This idea helps limit the clock skew problem and is oriented to clock gating, a well-established concept for power optimization. Then the clock gating of the decoder building blocks allows for a significant reduction in energy consumption without deterioration in other parameters of the decoder, particularly its error correction performance. We also provide experimental results for decoder implementations with different QC-LDPC codes, indicating important characteristics of the code parity check matrix, for which an ene... [more]

Aerosol is a multiphase system, created as a result of the dispersion of a liquid in a gaseous medium. The atomized liquids are most often water and fuel; however, they can be any other substance. Even a small addition of a substance that changes the rheological properties (i.e., the nature of the flow) can change the properties of the resulting aerosol. The most important parameters that characterize the aerosol are the outflow rate, the droplet diameter, the spray spectrum, and the spray angle. The latter is important when selecting atomizers, especially those working in groups on the sprayer boom. The spray angle is an important parameter of the atomization process, providing a great deal of information about the quality of the spray. This study presents the results of rheological tests and the atomization of aqueous solutions with varying concentrations of sodium carboxymethylcellulose (Na-CMC). We found that the spray angle decreased with increasing Na-CMC concentration in the sol... [more]

Given the impact of renewable sources in the overall energy production, accurate predictions are becoming essential, with machine learning becoming a very important tool in this context. In many situations, the prediction problem can be divided into several tasks, more or less related between them but each with its own particularities. Multitask learning (MTL) aims to exploit this structure, training several models at the same time to improve on the results achievable either by a common model or by task-specific models. In this paper, we show how an MTL approach based on support vector regression can be applied to the prediction of photovoltaic and wind energy, problems where tasks can be defined according to different criteria. As shown experimentally with three different datasets, the MTL approach clearly outperforms the results of the common and specific models for photovoltaic energy, and are at the very least quite competitive for wind energy.

Predictive analysis of the reservoir surveillance data is crucial for the high-efficiency management of oil and gas reservoirs. Here we introduce a new approach to reservoir surveillance that uses the machine learning tree boosting method to forecast production data. In this method, the prediction target is the decline rate of oil production at a given time for one well in the low-permeability carbonate reservoir. The input data to train the model includes reservoir production data (e.g., oil rate, water cut, gas oil ratio (GOR)) and reservoir operation data (e.g., history of choke size and shut-down activity) of 91 producers in this reservoir for the last 20 years. The tree boosting algorithm aims to quantitatively uncover the complicated hidden patterns between the target prediction parameter and other monitored data of a high variety, through state-of-the-art automatic classification and multiple linear regression algorithms. We also introduce a segmentation technique that divides t... [more]

We report here fast (15 min) microwave-assisted solvothermal synthesis of zeolitic imidazolate framework material (ZIF-7). We have optimized solvent composition to achieve high porosity and hydrogen capacity and narrow particle size distribution. It was shown that synthesis in N,N-diethylformamide (DEF) results in a layered ZIF-7 III phase, while N,N-dimethylformamide (DMF) as solvent leads to a pure ZIF-7 phase in microwave conditions. A mixture of toluene with DMF allows the production of pure ZIF-7 material only with the triethylamine additive. Obtained materials were comprehensively characterized. We have pointed out that both X-ray diffraction and infrared spectroscopy could be used for the identification of ZIF-7 or ZIF-7 III phases. Although samples obtained in DMF, and in a mixture of DMF, toluene, and triethylamine were assigned to the pure ZIF-7 phase, solvent composition significantly affected the size of particles in the material and nitrogen and hydrogen adsorption process... [more]

As the climate changed in recent years, an increase in summer indoor temperatures in severe cold and cold regions of China has started to affect thermal comfort. However, the local design standard for energy efficiency does not recognize this phenomenon. This paper reports the potential overheating phenomenon in residential buildings and examines the rationale for the current thermal designs adopted in severe cold and cold regions of China. In this study, the two most commonly used building materials, reinforced concrete (RC) and cross laminated timber (CLT), are used separately in the design of an 18-story residential building envelope located in six different cities in the severe cold and cold regions. The energy consumption and indoor operative temperatures during the operation of these buildings are simulated using Integrated Environmental Solutions Virtual Environment (IES VE). The results demonstrate that both the RC and the CLT buildings experience varying degrees of overheating... [more]

The paper proposes a coordinated operation method of two independent storages for managing state-of-charge (SOC) and for providing ancillary service concerning frequency regulation (FR); furthermore, this article also introduces the power allocation scheme between two storages in consideration of the coverage of the frequency band for each storage along with the SOC management scheme of the supercapacitor and battery. We also provide a guideline for the storage sizing on the basis of the smoothing time constant. Additionally, we verify the advantage of the HESS in extending the lifetime of the battery, which is estimated by a real-time state-of-health (SOH) calculation method. The Bode plot of the proposed method is analyzed to observe the power spectrum coverage in the frequency domain through the case studies using PSCAD/EMTDC and MATLAB.

A magnetic refrigeration system has the potential to alternate the compression system with respect to environmental compatibility. Refrigeration systems currently operate on the basis of the expansion and compression processes, while active magnetic refrigeration systems operate based on the magnetocaloric effect. In this study, a single layer of Gd was used as the magnetocaloric material for six-packed-sphere regenerators. A one-dimensional numerical model was utilized to simulate the magnetic refrigeration system and determine the optimum parameters. The optimum mass flow rate and maximum cooling capacity at frequency of 4 Hz are 3 L·min−1 and 580 W, respectively. The results show that the maximum pressure drop increased by 1400 W at a frequency of 4 Hz and mass flow rate of 5 L·min−1. In this study, we consider the refrigeration system in terms of the design considerations, conduct a parametric study, and determine the effect of various parameters on the performance of the system.