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 but can be made from new-built hulls Shell España first used a tanker as an FPSO in August 1977. An example of a FSO that used to be an oil tanker is the "Knock Nevis". These units are usually moored to the seabed through a spread mooring system. A turret-style mooring system can be used in areas prone to severe weather. This turret system lets the unit rotate to minimize the effects of sea-swell and wind. Oil spills have devastating effects on the environment. Crude oil contains polycyclic aromatic hydrocarbons (PAHs) which are very difficult to clean up, and last