The oil level sensor is located on the side of the oil pan on the engine, this sensor is about $40 and about the same to install it, so u should be good for about $100, as far as the engine light goes u will need a test to see what is turning the light on, it stores a fault code in the control computers memory when it comes on.
It is problem with fuel tank unit, you have to replace that unit, that will solve your problem.
The oil light comes on because there is no pressure. The engine light comes on because there is no oil or overheat problem that is probably oil related.
To replace a oil pump I would guess somewhere in the neighborhood of $500.00. It may be some other problem, however.
This will not get better. Get it fixed or be prepared to start walking.
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