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) Australia North West Shell Australia Ling Pty Ltd 22.38
Shell (Corporate) Nederland Shell Information Technology International Holdings B V 100.00
Shell (Corporate) Storbritannia Shell Corporate Secretary Limited 100.00
Shell (Corporate) Canada Shell Americas Funding (Canada) Limited 100.00
Shell (Corporate) USA Shell Treasury Center (West) INC 100.00
Shell (Upstream International) Nederland Shell EP Russia Investments (III) B V 100.00
Shell (Upstream International) Nederland Shell Olie OG Gas Holdings B V 100.00
Shell (Upstream International) New Zealand Energy Corporate Limited 100.00
Shell (Upstream International) Thailand Thai Shell Company Limited 100.00
Shell (Upstream International) USA RK Caspian Shipping Company LLC 80.00
Shell (Upstream International) Kina Hangzhou Natural Gas Company Limited 39.00
Shell (Upstream International) Australia North West Shelf LNG Pty Ltd 100.00
Shell (Corporate) Sveits Solen Versicherungen AG 100.00
Shell (Corporate) Shell Treasury Hong Kong Limited 100.00
Shell (Corporate) Nederland Shell International Finance B V 100.00
Shell (Upstream International) Nigeria Shell Nigeria Gas Ltd (SNG) 100.00
Shell (Corporate) Zimbabwe KIME PROPERTIES (PRIVATE) LIMITED 50.00
Shell (Upstream International) Nederland Shell Gas B V 100.00
Shell (Upstream International) Nederland Shell E & P Investment Holdings B V 100.00
Shell (Upstream International) Nigeria Shell Nigeria Exploration Properties Beta Limited 100.00
Shell (Upstream International) Storbritannia Shell China Exploration and Production Company Limited 100.00
Shell (Upstream International) Australia CS CSG (Australia) PTY LTD 50.00
Shell (Upstream International) Bermuda Sakhalin Energy Investment Company Ltd 27.50
Shell (Upstream International) Østerrike Shell China Holding GMBH 100.00
Shell (Upstream International) Tyskland Shell Egypt West Manzala Gmbh 100.00
Shell (Corporate) Bermuda Shell Trust (UK Property) Limited 100.00
Shell (Upstream International) Nederland Shell Kuwait Exploration and Production (XL) B V 100.00
Shell (Corporate) Nederland Shell Petroleum N V 100.00
Shell (Corporate) Storbritannia Tasco Europe LP 100.00
Shell (Upstream International) Nederland Shell Business Development Central Asia B V 100.00
  • Number of subsidiaries: 6093