Piping Profits

Piping Profits

PWYP Norway can reveal that ten of the world’s most powerful oil, gas and mining companies own 6,038 subsidiaries and over a third of them are based in secrecy jurisdictions. The three Norwegian companies mapped own 55 subsidiaries, 20% of which are based in secrecy jurisdictions. On these pages you will find more information about this project, the detrimental effects of secrecy jurisdictions and how these can be tackled. The database is publicly available and can be explored here.

Due to lack of resources, it will not be continually updated, but nevertheless represents an excellent snapshot of extractive industries and their subsidiaries in 2011. The Piping Profits database includes information on the 13 case studies and their 6,093 subsidiaries, containing details of:

  • The Parent Company
  • The Subsidiary Name
  • The location in which the subsidiary is incorporated
  • The percentage of the subsidiary owned by the parent company

Below it is possible to search in the database by company, country and/or subsidiary, and using the buttons below the list of findings, it is possible to export the data to Excel.

Company Country Subsidiary Percent owned
Shell (Upstream International) Nigeria Shell Nigeria E & P Company Ltd 100.00
Shell (Upstream International) United Kingdom Shell Resources 100.00
Shell (Upstream International) Egypt Obaiyed Petyroleum Company 50.00
Shell (Upstream International) Germany Norddeutsche Erdgas-Aufbereitungs GMBH 25.00
Shell (Corporate) Bermuda Shell Trust (Bermuda) Limited 100.00
Shell (Upstream International) Bahamas Venezuelan Eagle Oil Company Ltd 100.00
Shell (Upstream International) Nigeria Shell Nigeria Ultra Deep Limited 100.00
Shell (Corporate) Bermuda Pico Limited 100.00
Shell (Corporate) Netherlands Shell Finance (Netherlands) B V 100.00
Shell (Corporate) United States Pecten Victoria Company 100.00
Shell (Upstream International) Netherlands Shell EP Russia Investments (I) B V 100.00
Shell (Upstream International) Netherlands Shell Salym Development B V 100.00
Shell (Upstream International) New Zealand Shell (Petroleum Mining) Company Limited 100.00
Shell (Upstream International) Limited Liability Company \"Shell NefteGaz Development (III)\" 100.00
Shell (Upstream International) Antigua & Barbuda Shell Oil & Gas (Malaysia) LLC 90.00
Shell (Upstream International) Netherlands Salym Petroleum Development N V 50.00
Shell (Upstream International) Al Badiah Petroleum Company 21.66
Shell (Upstream International) Gabon Shell Upstream Gabon 100.00
Shell (Upstream International) Ireland Shell E&P Ireland Limited 100.00
Shell (Corporate) Poland Shell Polska ZO O Oddzial W Zabierzowie 100.00
Shell (Corporate) United Kingdom Shell Pensions Trust Limited 100.00
Shell (Corporate) Cayman Islands Shell Upstream Gabon Cayman Holdings No 2 100.00
Shell (Corporate) Brazil Ispagnac Participacoes 99.00
Shell (Upstream International) Netherlands Shell Exploration and Production Ukraine Investments (II) B V 100.00
Shell (Upstream International) Netherlands Shell EP International B V 100.00
Shell (Upstream International) New Zealand Shell Investments NZ Limited 100.00
Shell (Upstream International) United Kingdom Shell Ventures New Zealand Limited 100.00
Shell (Upstream International) India Hazira LNG Private Limited 74.00
Shell (Upstream International) Norway Energiparxen AS 33.33
Shell (Upstream International) Australia Shell Development (PSC20) Pty Ltd 100.00
  • Number of subsidiaries: 6093