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
Prince William Sound 1778 to honour George III's third son Prince William Henry, then aged 13 and serving as a midshipman in the Royal Navy. In 1793, Alexander Andreyevich Baranov founded port Voskresensk in the sound, which he called Chugach Bay. The first three-masted ship, "Phoenix", was the first ship built by the Russians in America. A 1964 tsunami, a result of the Good Friday earthquake, killed a number of Chugach villagers in the coastal village of Chenega and destroyed the town of Valdez. In 1989, the oil tanker "Exxon Valdez" ran aground on Bligh Reef after leaving Valdez, causing a large oil