Tidewater Midstream Defends Against Axiom Oil Lawsuit Over Gas Handling Agreement
Tidewater Midstream is defending against a lawsuit from Axiom Oil over a gas handling agreement. Axiom claims Tidewater acted unreasonably, but the court dismissed Axiom's injunction attempt and capped potential liability at $200,000. Tidewater asserts the claim is without merit.
Tidewater Midstream and Infrastructure Ltd. is involved in litigation with Axiom Oil and Gas Inc. regarding Tidewater’s exercise of rights under a gas handling agreement between the two companies. Axiom filed a statement of claim in April 2024, alleging that Tidewater acted unreasonably and in bad faith, including terminating the agreement in violation of its terms. However, Axiom’s attempt to secure an injunction was dismissed by the Court of King’s Bench of Alberta in September 2024, with costs awarded to Tidewater. The court also indicated that any potential liability for Tidewater would be capped at $200,000 according to the terms of the agreement. Tidewater maintains that the claim is without merit and is defending itself vigorously. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tidewater Midstream and Infrastructure Ltd. published the original content used to generate this news brief on November 21, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
