Misen Energy AB (publ) was founded in 2004 and its shares have been traded on Nasdaq First North Growth Market since 12 June 2007. During the period from 2005 to 2010, Misen Energy AB (publ) was engaged in the development of geo resources in Ukraine. As the former wholly owned subsidiary LLC Capital Oil Ukraine was sold on 30 December 2010, the Company's oil exploration in Ukraine came to an end.

From 2011, the business has focused on gas exploration in a new cooperation project, the Joint Activity with the Public Joint Stock Company Ukrgasvydobuvannya in Ukraine. Under this revised business focus, all shares in the Swedish company Misen Enterprises AB and its wholly owned Ukrainian subsidiary LLC Karpatygaz were acquired in 2011. The consideration price for this acquisition was settled by a new issue of fully paid shares resulting in the shareholders of Misen Enterprises AB acquiring control of Svenska Capital Oil AB (publ) which in turn led to the name change to Misen Energy AB (publ).

In June 2016, July 2017 and November 2017 Misen Energy AB (publ) sold respectively 37.5%, 8% and 2% of Misen Enterprises AB shares to the Hong Kong based company Powerful United Limited. In March 2018 Misen Energy AB (publ) sold 2% of Misen Enterprises AB shares to Mr. Konstantin Guenevski, Bulgarian citizen, a senior trader of one of the world’s leading independent commodity trading and logistics houses.

In September 2021, Misen Energy AB (publ) purchased 47.5% Misen Enterprises AB‘s shares from Powerful United Limited. Owning 98% of Misen Enterprises AB‘s shares, Misen Energy AB (publ) maintains full control of Misen Enterprises AB.