Whats ahead in PETSOC?

Future Activities?

First of all Good luck and all the best in the coming examination. Hope everyone is well prepared and togather  lets get SIJIL HIJAU..!!! Below are few things from the TEC discussion nearly a month ago. Many came up with good suggestions and ideas and these the best few among them.

1. Academic Day

  • During the day, we will have few [Most Wanted] skills Seminars.
  • [Most Wanted] skills? Job interview skills, CV writing skills, time management, self motivation etc.
  • Food + beverages.
  • End with fun activities like laser strike or bowling.

2. PetTalk

  • Its time for us to STAND, TALK and SHARE our knowledge.
  • This will be an ongoing activity ( several weekends ).
  • Topic will be given a week before each session so we can prepare our 2-3 minutes talk. Eg: Oil, Leaders, Globalization etc
  • A reward for the Best speaker for each session ( maybe  🙂 ).
  • Question and Answer session.
  • Finger food + beverages.

3. Leadership Camp

  • A low cost one day camp.
  • Will be closely align with PETRONAS leadership skills requirements.
  • Outdoor/indoor
  • Food + Beverages

These ideas and suggestions really well parallel with our  Objectives and i hope we can make it a successful one. So let us togather share and develop our  skills from now so that we are well prepared for the our future. And if you have any ideas and suggestions on any activity, just let US know.

For the things we have to learn before doing them, we learn by doing them.” -Aristotle


“Quality, Professionalism, Unity”

Prepared by,

Amir Syakireen Ramli
President
Petsoc 2008/2009

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“Quote of the Day” (3 days left to Final Exam!)

Let’s share some exam preparation tips:

1. Do your past years and tutorials. Don’t just read the answers and say “It all makes sense”. You must do it first, then check for answers. If the answer is not given, go and see your lecturer and they will be glad to mark it for you.

“One must learn by doing the thing, for though you think you know it, you have no certainty until you try.”

– Aristotle-

2. Practice doing a hard question or problem until you get used to it. The more you practice, the better. Reading study material alone won’t help that much.

“Success is the result of perfection, hard work, learning from failure, loyalty, and persistence.”

– Colin Powell-

3. If you stuck on anything, just ask anyone who knows it. Be it your friends, seniors, tutors and lecturers. You can make new friends by doing that too.

” He who is ashamed of asking is ashamed of learning.”

-Danish proverb-

4. Believe in yourself. Increase your self-esteem. You are not a loser. You are a successful person yet to be unleashed. Exams are meant to assess how successful you are. If you think that you can, you are more likely to be able to do it. If you think you can’t, you are more likely to fail.

“Only the strongest egos escape the trap of perfectionism. To solve problems successfully, you must believe you can, must feel capable enough to improvise. Yet too many adults have been schooled away from their ability to experiment freely.”

-Marsha Sinetar-

Good luck. All the best in your examination. “Sijil Hijau” for everyone.

Abdul Rahim Ibrahim

Academic Officer

PETSOC 2008/2009

“Quote of the Day”

Diligence is the mother of good fortune, and idleness, its opposite, never brought a man to the goal of any of his best wishes.”

Delay always breeds danger; and to protract a great design is often to ruin it.”

“Life is thickly sown with thorns, and I know no other remedy than to pass quickly through them. The longer we dwell on our misfortunes, the greater is their power to harm us. ”

Miguel de Cervantes Saavedra, a Spanish playwright, novelist and poet.  His legendary success, the novel “Don Quixote”, first published in 1605, has been released in 700 editions and translated in major languages.

Moral of the story:

Be a hardworking and diligent person so that you have more luck to achieve success; Do not delay your work or your study and do not dwell in your misfortune for long, move on quickly.

EXAM STRESS?? click here

“Quality, Professionalism, Unity”

Abdul Rahim Ibrahim

Academic Officer PETSOC

“6 days left to final exam”

Petsoc Annual Grand Dinner 2008

« Ces Soirées là » (pronounced as Say soir-ré la) is a French phase that carries a literal meaning of “It’s the night!”. Basically that the best combination of words and perfect language to express our Petsoc Annual Petsoc Dinner 2008. Why French? Because it’s a language of romance and elegence in which portray us in 15 years time. Plus, it’s a French song from the famous original song December, 1963 (Oh, What a Night) by The Four Seasons.
Merci et À Bientôt.

Petsoc Annual Grand Dinner was organized specially to celebrate the graduating students and to appreciate their contributions to the club. It also marked another successful year for Petsoc in contributing to members and communities.

This year it was held at the Dux De Lux, a contemporary vegetarian and seafood restaurant in the city center of Christchurch. The crowd was magnificent and the place was wonderful. Despite the fact that food like Seafood Jambalaya and Spinakopita are weird-out-of-ordinary from our tongue, everyone was having fun taking memorable pictures and dressing like they are 15 years in future (this is the theme for that night by the way). During the events, certificates and souvenirs were given out to dedicated previous committee and final year graduating students.

The night ends with a group photo session and a momentous in everyone’s’ heart.

“Quality, Professionalism, Unity”

Prepared by,

Amir Syakireen Ramli
President
Petsoc 2008/2009

Letters from Petronas Personnel regarding Oil Issue in Malaysia

Any Petronas scholars and Malaysian should know this. Excerpt from ben’s post.

Letter 1
Dear all,
After reading all the chain mails and blogs, I feel called to reply, because of the relentless attacks and allegations — most of which are inaccurate or baseless — against PETRONAS.PETRONAS’ STAFF SALARY & BONUS

1) The salaries paid to PETRONAS’ employees are not as high as people think. At best, they are just industry average. And these are not attractive enough for some who left PETRONAS to find work at other companies (mainly from the Middle East) which are willing to pay more. Why do they pay more? The oil and gas industry worldwide has been facing acute shortage of qualified or experienced personnel, so most companies are willing to pay lots of money to entice and pinch staff from their competitors.

Bonus? There has NEVER been a bonus amounting to 6 months or 12 months throughout the 33 years. On average, it is 2 months. But don’t ever think we don’t deserve it. We more than deserve it. A lot of us work really hard, some in the most extreme of conditions. Those who have been to and worked in northern Sudan, for example, would testify that it’s like working in a huge blower oven. Southern Sudan, on the other hand, is almost all swamps and mud. Imagine having to go through that kind of heat, or waddling in muddy swamps, day in and day out.

QUALITY OF CRUDE & REFINED PRODUCTS

2) Malaysia produces about 600,000 barrels of crude oil per day (and about 100,000 barrels condensate). Of this crude volume, 339,000 barrels are refined locally for local consumption. The rest is exported (and yes, because it has lower sulphur content it fetches higher prices).

Malaysia also imports about 230,000 barrels of crude oil per day, mainly from the Middle East, to be refined here. This crude oil contains higher sulphur and is less expensive (so the country gains more by exporting our crudes). In Malaysia, this crude is processed by PETRONAS at its second refinery in Melaka, and also by Shell at its Port Dickson refinery.

Different refineries are built and configurated to refine different types of crude. And each crude type yields different percentage of products (diesel, gasoline, kerosene, cooking gas etc) per barrel.

But most importantly, products that come out at the end of the refining process have the same good quality regardless of the crude types. That’s why PETRONAS, Shell and Exxon Mobil share the same pipeline to transport the finished products from their refineries to a distribution centre in the Klang Valley. The three companies collect the products at this centre accordingly to be distributed to their respective distribution networks. What makes PETRONAS’ petrol different from Shell’s, for example, is the additive that each company adds.

PETRONAS’ ROLE, FUNCTION & CONTRIBUTION

3) A lot of people also do not understand the role and function of PETRONAS, which is essentially a company, a business entity, which operates on a commercial manner, to mainly generate income and value for its shareholder. In this case, PETRONAS’ shareholder is the Government.

In 1974, when PETRONAS was set up, the Government gave PETRONAS RM10 million (peanuts, right?) as seed capital. From 1974 to 2007, PETRONAS made RM570 billion in accumulated profits, and returned to the Government a total of RM335.7 billion. That is about 65% of the profits. That means for every RM1 that PETRONAS makes, 65 sen goes back to the Government.

Last year, PETRONAS made a pre-tax profit of RM86.8 billion. The amount given back to the Government (in royalty, dividends, corporate income tax, petroleum products income tax and export duty) was RM52.3 billion. The rest of the profit was used to pay off minority interests and taxes in foreign countries (about RM7.8 billion – PETRONAS now operates in more than 30 countries), and the remaining RM26.7 billion was reinvested. The amount reinvested seems a lot, but the oil and gas industry is technology- and capital-intensive. Costs have gone up exponentially in the last couple of years. Previously, to drill a well, it cost about US$3 million; now it costs US$7 million. The use of rigs was US$200,000 a day a couple of years ago; now it costs US$600,000 a day.

A lot of people also do not realise that the amount returned by PETRONAS to the Government makes up 35% of the Government’s total annual income, to be used by the Government for expenditures, development, operations, and yes, for the various subsidies. That means for every RM1 the Government makes, 35 sen is contributed by PETRONAS.

So, instead of asking what happens to PETRIONAS’ money or profits, people should be questioning how the money paid by PETRONAS to the Government is allocated.

CRUDE EXPORTS & FUEL PRICES

4) A lot of people also ask, why Malaysia exports its crude oil. Shouldn’t we just stop exporting and sell at cheaper prices to local refiners? If Malaysia is an oil exporting country, why can’t we sell petrol or diesel at cheaper prices like other oil producing countries in the Middle East?

I guess I don’t have to answer the first couple of questions. It’s simple economics, and crude oil is a global commodity.

Why can’t we sell petrol and diesel at lower prices like in the Middle East? Well, comparing Saudi Arabia and other big producers to Malaysia is like comparing kurma to durian, because these Middle Eastern countries have much, much, much bigger oil and gas reserves.

Malaysia has only 5.4 billion barrels of oil reserves, and about 89 trillion cubic feet of gas. Compare that to Saudi Arabia’s 260 billion barrels of oil and 240 trillion cubic feet of gas.

Malaysia only produces 600,000 barrels per day of oil. Saudi Arabia produces 9 million barrels per day. At this rate, Saudi Arabia’s crude oil sales revenue could amount to US$1.2 billion per day! At this rate, it can practically afford almost everything — free education, healthcare, etc, and subsidies — for its people.

But if we look at these countries closely, they have in the past few years started to come up with policies and strategies designed to prolong their reserves and diversify their income bases. In this sense, Malaysia (and PETRONAS) has had a good head start, as we have been doing this a long time.

Fuel prices in Malaysia is controlled by the Government based on a formula under the Automatic Pricing Mechanism introduced more than a couple of decades ago. It is under this mechanism that the complex calculation of prices is made, based on the actual cost of petrol or diesel, the operating costs, margin for dealers, margin for retail oil companies (including PETRONAS Dagangan Bhd) and the balancing number of duty or subsidy. No retail oil companies or dealers actually make money from the hike of the fuel prices. Oil companies pay for the products at market prices, but have to sell low, so the Government reimburses the difference — thus subsidy.

Subsidy as a concept is OK as long as it benefits the really deserving segment of the population. But there has to be a limit to how much and how long the Government should bear and sustain subsidy. An environment where prices are kept artificially low indefinitely will not do anyone any good. That’s why countries like Indonesia are more pro-active in removing subsidies. Even Vietnam (which is a socialist country, by the way) is selling fuel at market prices.

PETRONAS & TRANSPARENCY

5) I feel I also need to say something on the allegation that PETRONAS is not transparent in terms of its accounts, business transactions etc.

PETRONAS is first and foremost a company, operating under the rules and regulations of the authorities including the Registrar of Companies, and the Securities Commission and Bursa Malaysia for its listed four subsidiaries (PETRONAS Dagangan Bhd, PETRONAS Gas Bhd, MISC Bhd and KLCC Property Holdings Bhd.

PETRONAS the holding company produces annual reports which are made to whomever wants them, and are distributed to many parties and places; including to the library at the Parliament House for perusal and reading pleasure of all Yang Berhormat MPs (if they care to read). PETRONAS also makes the annual report available on its website, for those who bother to look. The accounts are duly audited.

The website also contains a lot of useful information, if people really care to find out. Although PETRONAS is not listed on Bursa Malaysia, for all intents and purposes, it could be considered a listed entity as its bonds and financial papers are traded overseas. This requires scrutiny from investors, and from rating agencies such as Standard & Poor and Moody’s.

BOYCOTT PETRONAS?

6) The last time I checked, this is still a democratic country, where people are free to spend their money wherever they like.

For those who like to see more of the money that they spend go back to the local economy and benefiting their fellow Malaysians, perhaps they should consider sticking to local products or companies.

For those who like to see that the money they spend go back to foreign shareholders of the foreign companies overseas, they should continue buying foreign products.

FINAL WORD (FOR TODAY)

I’m sorry this is rather long, but I just have to convey it. I hope this would help some of you out there understand something. The oil and gas industry, apart from being very capital intensive, is also very complex and volatile. I’m learning new things almost every single day.

Appreciate if you could help to forward this response to as many contacts as possible to counter the subversive proposal out there.

Thank you.

Wilson Lee Gain Loon (CAU_MEDIARELATIONS/PETH)

Letter 2

Do what you like.

The price of gasoline at the petrol station is set by the Government, not PETRONAS. PETRONAS has done its patriotic duty by paying the dividends, royalties, corporate tax, petroleum tax etc to the Government for YOUR benefit (rakyat lah).

And bear in mind that 30% of its revenue comes from overseas operations, thus bringing in foreign exchange to the country.

OK. Assuming that you buy this idea proposed by whomever it was.

So PETRONAS will have reduced revenues. Bear in mind that the costs of operations are also increasing. So the profits are reduced. Then PETRONAS and other oil companies pay less tax.

Then the Government will have less revenue. (Note: at least 40% of Government revenue for 2007 came from the oil industry). With less revenue, there will be less Government projects (you can then forget about bridges and highways, and rail tracks, and smart schools and not-so-smart universities, and hospitals, etc). So contractors and consultants, and con-sultans and con-cronies will cry and scream. Makan batu lah..

The Government has already announced freezing of recruitment. So, many new graduates will be unemployed. Makan batu lagi. Maggi mee pun tak mampu dah. Later, all sorts of allowances for civil servants will have to be withdrawn. Treasury tak cukup duit.

On top of that the oil industry may have to scale back many of its new investments, totaling about 45 billion ringgit over the next few years. Contractors, service providers, steel fabricators, maritime service providers etc will join the ratapan tangisan – no jobs.

Don’t forget that PETRONAS is sponsoring thousands of students in universities and even high schools – at any one time there are more than 4,500 university students being sponsored by PETRONAS in Malaysian universities and overseas. Also more than 2,000 high school children receive minor scholarships – children of poor families.

Kalau PERTRONAS tak ada duit, kesian lah mereka di atas tu. Shall I ask them to see the proposer of this idea (to boycott PETRONAS) and seek help from them instead?

So, it is to YOUR benefit that you make sure PETRONAS keeps making enough money to support YOUR Government so that your children can continue to go to school without paying for fees and books, and to go to universities at peanuts rates.

CONCLUSION: Help yourself and your family and your country by making sure that PETRONAS keeps making profits. Go to the nearest PETRONAS station and fill up now!! Don’t forget that if you go to non-Petronas station, the profits that these companies get will go their shareholders OVERSEAS.

So, be patriotic. Do your duty. Go to PETRONAS!!

(I hope you guys will help to send this response to as many contacts as possible to counter this subversive proposal).

Rosti B Saruwono – Datuk Dr (VP_Edu/PETH)

Exam Skills Seminar 2008

In preparation for the coming final exams which starts at 28th November 2008, PETSOC have encouraged everyone to attend the Exam Skills seminar, which is organized by the Learning Skills Centre on Monday, 13th November 2008 at Law105 lecture theatre.

Some of the things that we learned inside the 60-minute seminar

  • How to use subconscious mind to answer difficult questions in the exam
  • How to do question spotting to know what will be questioned in the exam
  • How to read and study your materials effectively to cut your study time in half.
  • How to write your answer effectively to get good marks
  • What to do when we ran out of time in the exam
  • How to answer essay type question to produced a high quality essay
  • How to use a simple list to boost your understanding and save you time
  • How to determine what you should focus and spend more time revising on it
  • How to stop worrying and start studying

With this seminar, we hope that members who attended it will gain insight on how to be well prepared for the final exams and get good marks for it too!

To increase the “Quality” and “Professionalism” of the PETSOC members, we will organize more academic activities in the future, together with the social activities from previous years. By joining these activities, we can get better grades in the exams, and develop professionalism within us for our future life.

“Quality, Professionalism, Unity”

Prepared by,
Abdul Rahim Ibrahim
Academic Officer
PETSOC 2008/2009

Petsoc Cookie Nite

Dah byk buat.. susun2 jadi la cmni.. eheh

To promote Unity among members, Petsoc has come with Petsoc Cookie Nite. An event organized a day before Hari Raya (malam raya) to gather members and to create a happening Raya environment.

bwat kuih jangan tak buat..

The ingredients was prepared by the club and members was just having fun together making Kuih raya. The outcome was really impressive; Hanaa’s mouth watering Kuih Semprit, Ain’s lip smacking Kuih Siput and Anne’s scrumptious Kuih Cornflakes :). This shows that the cooking-chef-wan- talent is there, at least for certain members.

Some of the kuih semprit...

Those cookies then brought to the Hari raya Celebration co-organized by Petsoc. Event like this should be encouraged in future to foster relationship between members.

Quality, Professionalism, Unity

Prepared by,

Amir Syakireen Ramli
President
Petsoc