Looking back at the biggest stories in Continental and Mediterranean Europe of 2015 we highlight some of the key regional trends in the E&P sector. We also explore how some of these trends might develop in 2016 and include our view of important events to watch.Continental and Mediterranean Europe s upstream sector was impacted by the low oil price in 2015. Licensing and exploration drilling activity were both down from 2014 figures. Production decreased by 12% from 2014 the first time it has slipped below 1 bnboe since the 1970s. This was in part caused by the decrease of development capital investment by 17.4% in 2015 from 2014 levels. In the new lower commodity price environment we do not expect production in the region to recover beyond the billion barrels a year threshold and indeed we estimate that annual production could fall another 150 million boe by the end of the decade.