5 Oilfield Services Stocks Built for a Post-Hormuz World | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – May 12, 2026, 5:00 PM CDT SLB’s Middle East revenue fell 13% in Q1 as it demobilized in Qatar and Iraq, but Production Systems grew 23% and the deepwater cycle in Brazil and Guyana is accelerating regardless of the conflict. Transocean booked $1.6 billion in new contracts at roughly $410,000 average day rates, the highest in over a decade, with Petrobras locking in three drillship extensions through 2030….