E&P companies across the globe tightened budgets and amended exploration and development plans in 2015 due to the fall in oil prices. In Latin America, corruption scandals, regulatory changes and unexpected discoveries, among other factors, also brought big changes. At the beginning of 2015, we outlined seven predictions of significant upstream milestones. Four of our seven forecasts came true. In our Insight we review our predictions and explain where we forecast correctly and why we missed the mark on other events.