Large volumes of unconventional fossil resource are untapped because of the capillary forces, which kept the oil stranded underground. Furthermore, with the increasing demand for sustainable energy and the rising attention geared towards environment protection, there is a vital need to develop materials that bridge the gap between the fossil and renewable resources effectively. An intensive attention has been given to nanomaterials, which from their native features could increase either the energy storage or improve the recovery of fossil energy. The present chapter, therefore, presents the recent advancements of nanotechnology towards the production of unconventional resources and renewable energy. The chapter focuses primarily on nanomaterials applications for both fossils and renewable energies. The chapter is not intended to be an exhaustive representation of nanomaterials, rather it aims at broadening the knowledge on functional nanomaterials for possible engineering applications.