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 Sort ascending Country Subsidiary Percent owned
Shell (Upstream International) Mexico TLA Servicios S de R L de C V 62.50
Shell (Upstream International) Denmark Shell Olie-OG Gasudvinding Danmark Pipelines ApS 100.00
Shell (Upstream International) Netherlands Shell Egypt Deepwater B V 100.00
Shell (Upstream International) United Kingdom Iraq Petroleum Company Limited 23.75
Shell (Upstream International) United Kingdom Shell Overseas Services Limit6ed 100.00
Shell (Upstream International) Qatar Qatar Liquified Gas Company Limited (4) 30.00
Shell (Upstream International) Netherlands Shell EP Russia Investments (IV) B V 100.00
Shell (Upstream International) Netherlands Shell Exploration B V 100.00
Shell (Upstream International) Netherlands Shell South Africa Upstream BV 100.00
Shell (Upstream International) Oman Shell Development Oman LLC 100.00
Shell (Upstream International) Kazakhstan Arman Joint Venture Limited Liability Partnership 50.00
Shell (Upstream International) Australia Shell Development (PSC20) Pty Ltd 100.00
Shell (Upstream International) Germany Shell Algeria Zerafa GMBH 100.00
Shell (Upstream International) Netherlands Shell Windenergy Netherlands B V 100.00
Shell (Upstream International) Netherlands Shell EP Russia Holdings B V 100.00
Shell (Upstream International) Netherlands Shell Deepwater Tanzania B V 100.00
Shell (Upstream International) United Kingdom Saxon Oil Limited 100.00
Shell (Upstream International) Bermuda Shell Australia Natural Gas Shipping ltd 100.00
Shell (Upstream International) Nigeria Shell Nigeria Exploration and Production Delta Limited 100.00
Shell (Upstream International) Netherlands Shell Development Angola B V 100.00
Shell (Upstream International) Sudan Shell (Sudan) Petroleum Development Company Limited 100.00
Shell (Upstream International) Spain Parque Eolico Plana de Jarreta, S L 40.00
Shell (Upstream International) Nigeria Shell Nigeria Gas Ltd (SNG) 100.00
Shell (Upstream International) Bahamas Shell E&P Ireland Offshore Inc 100.00
Shell (Upstream International) Germany Shell Exploration New Ventures One Gmbh 100.00
Shell (Upstream International) Netherlands Shell Exploration Company (RF) B V 100.00
Shell (Upstream International) New Zealand Energy Holdings Offshore Limited 100.00
Shell (Upstream International) United States Oryx Caspian Pipeline LLC 80.00
Shell (Upstream International) Nigeria The Shell Petroleum Development Company of Nigeria Limited 100.00
Shell (Upstream International) Australia Monash Energy PTY Ltd 50.00
  • Number of subsidiaries: 6093