An attractive alternative to mitigate the adverse effects of conventional water-based fluids on the efficiency of hydraulic fracturing is to inject foam-based fracking fluids into reservoirs. The efficiency of foaming fluids in subsurface applications largely depends on the stability and transportation of foam bubbles in harsh environments with high temperature, pressure and salinity, all of which inevitably lead to poor foam properties and thus limit fracturing efficiency. The aim of this paper is to elaborate popular strategies of foam stabilization under reservoir conditions. Specifically, this review first discusses three major mechanisms governing foam decay and summarizes recent progress in research on these phenomena. Since surfactants, polymers, nanoparticles and their composites are popular options for foam stabilization, their stabilizing effects, especially the synergies in composites, are also reviewed. In addition to reporting experimental results, the paper also reports recent advances in interfacial properties via molecular dynamical simulation, which provide new insights into gas/liquid interfacial properties under the influence of surfactants at molecular scale. The results of both experiments and simulations indicate that foam additives play an essential role in foam stability and the synergic effects of surfactants and nanoparticles exhibit more favorable performance.