BMW 320d exhaust giving off white smoke and oil pouring out?

My car yesterday suddenly starting giving off huge amounts of white smoke out of the exhaust, before this had happened the turbo had stopped working as i had no power on the motorway. Now when you rev the engine oil pours out the exhaust along with the white smoke. I have had several different reasons as to what has happened, can anyone help with this issue?

YOU MAY HAVE BLOCKED OIL RETURN HOLES,REMOVE VALVE COVER AND CH# THE 2 F/R

ive just discovered this same problem with my bmw 320d this morning! any theories why it wouldnt lock? would be very helpful

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