2006 oil loss and purge control valve

I developed an unknown bad oil leak. Low oil indicator light did not come on. Highway drove it down to one qt. Now blowing blue smoke and lost power. Any idea why my oil light did not come on?

Also, I have needed a purge control valve for quite some time. Could this of caused the oil leak?

2006 Honda Element Is What We’re Working On, Here ?

Yes, important info. 2006 Honda Element 2.4