While advances in drilling technology have allowed us to unlock vast quantities of natural resources around the world, a Royal Dutch Shell (NYSE: RDS-A ) executive sees the energy sector needing more than just new technology to meet its current and upcoming challenges. From technology transfer to sharing the risk for new exploration through joint ventures, several companies are already tackling these challenges head on.
One of the most pressing issues that new drilling technology faces is the use of water in its wells. In this video, Fool.com contributor Tyler Crowe talks with Aimee Duffy and looks at how important water is to the fate of drilling and what companies are hoping to make a difference with this issue.
Whenever there is a challenge facing the oil and gas industry, almost every time you'll hear that Hailliburton is working on a solution. Investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.