LatinNews Daily - 31 October 2025

*Colombia’s state oil company Ecopetrol and Brazil’s state oil company Petrobras have announced a joint venture to sell gas from the Sirius gas field located off Colombia’s Caribbean coast. Ecopetrol, which operates the Sirius site jointly with Petrobras and is the dominant partner with a 55.56% stake, announced in October 2024 that a major gas deposit had been discovered at Sirius. Ecopetrol said at the time that this was its largest discovery since the 1990s, with the Sirius field containing an estimated 6tn cubic feet of natural gas. Under the sales agreement announced yesterday, the two companies will market up to 249m cubic feet of gas per day for a period of up to six years. Production is expected to begin in 2030.