There are several steps 
1. Setting up Moodle with a Panopto block 
2. Creating a course folder in Panopto 
3., Set permissions on the Panopto course folder 
4. Adding a Panopto video in your Moodle course  

Setting up Moodle for Panopto with a Panopto block 

The first time you add a video to your course, the course need to be prepared first. This means that you must add a Panopto block to your course, and you must have the Teacher role on the course in order to be able to do this.  
 
See the guide on how to add a panopto block to your Moodle course. 

Creating a course folder in Panopto 

Now you are ready to create a course folder for the videos that will be used for teaching. See the guide to creating a course folder 

Setting permissions on the Panopto course folder

After you have created the course folder, you can set rights if the default is not comprehensive. See the guide setting permissions on course folders 

Add a Panopto video in your Moodle course 

Now you can add the videos to the course. See the guide on how to add a Panopto video in your Moodle course