Bill Allen (businessman) Barbados as well. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets, including the Sudan, Russia, Mexico, Venezuela and Syria. VECO had a major impact on the economy of Alaska and employed over 5,000 people worldwide. On March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef, spilling eleven million gallons of crude oil into the waters of Prince William Sound. The Exxon Valdez oil spill was the second largest in United States history, after the BP Gulf of Mexico Deepwater Horizon spill. Under Allen's guidance, VECO (along with
Oil tanker a tank is accomplished by purging hydrocarbon vapors with inert gas until the hydrocarbon concentration inside the tank is under about 1%. Thus, as air replaces the inert gas, the concentration cannot rise to the lower flammable limit and is safe. Operations aboard oil tankers are governed by an established body of best practices and a large body of international law. Cargo can be moved on or off of an oil tanker in several ways. One method is for the ship to moor alongside a pier, connect with cargo hoses or marine loading arms. Another method involves mooring to offshore