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Axiom Oil Sues Tidewater for $110M Over Gas Dispute

11/22/2025

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Story summary
  • Tidewater Midstream and Infrastructure Ltd. faces a lawsuit from Axiom Oil and Gas Inc. over a 2020 gas handling agreement, with Axiom seeking $110 million for Brazeau damages.
  • Alberta courts have limited Axiom's damages to $200,000 and dismissed an injunction.
  • Axiom is selling non-core properties, including Brazeau, which has significant shut-in production, signaling asset-strategy changes tied to contract disputes.