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Panoro Energy ASA is an independent exploration and production company in the oil and gas industry. It is engaged primarily in the exploration, development, and production of oil and natural gas resources. The company operates across several important geographic regions in West Africa, including Tunisia, Gabon, and Nigeria. Panoro Energy's portfolio includes a mix of production, development, and exploration assets, providing potential growth opportunities through diverse energy resources. Established to leverage its expertise in emerging markets, the company is headquartered in Oslo, Norway. Its strategic focus is on delivering efficient production and expanding its asset base through selective opportunities in sub-Saharan Africa.

Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At end-2025, reserves stood at 8.1 billion barrels of oil equivalent, 44% of which consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with a capacity of 1.4 mmb/d located in the Americas, Asia, and Europe, and sells about 9 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in NorthWestern Europe, China, and North America.