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.