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. 

Fool contributors Aimee Duffy and Tyler Crowe have no position in any stocks mentioned. You can follow them both on Twitter, @TMFDuffy and @TylerCroweFool, respectively.

The Motley Fool recommends Chevron and Halliburton. The Motley Fool has options on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.