ExxonMobil the Exxon Building (1251 Avenue of the Americas), its former headquarters in Rockefeller Center, to a unit of Mitsui Real Estate Development Co. Ltd. in 1986 for $610 million, and in 1989, moved its headquarters from Manhattan, New York City to the Las Colinas area of Irving, Texas. John Walsh, president of Exxon subsidiary Friendswood Development Company, stated that Exxon left New York because the costs were too high. On March 24, 1989, the Exxon Valdez oil tanker struck Bligh Reef in Prince William Sound, Alaska and spilled more than of crude oil. The Exxon Valdez oil spill was the
Milford Haven Waterway first oil terminal and oil refinery in 1960; unfortunately this coincided with a serious oil-spill from "Esso Portsmouth", the first oil tanker to unload there. Since then, there have been numerous spills of varying magnitude, providing the port authority with a great deal of experience. Uniquely at the time, the harbourmaster instituted the principle of cleaning up first and allocating the blame (and the responsibility of paying for it) later. There are two large oil refineries nearby which represent one fifth of the United Kingdom's oil refining capacity. In 1978 the tanker "Christos Bitas" ran aground off the Haven, spilling