BP has all that oil floating off the Gulf of Mexico, why is it going to waste? Isn’t there a way for oil companies to use this wasted oil? Couldn’t the oil be separated from water?

(may be broke/outdated!)
BP has all that oil floating off the Gulf of Mexico, why is it going to waste? Isn’t there a way for oil companies to use this wasted oil? Couldn’t the oil be separated from water?