I'll give you some hints: it's all within one planet with a negative radius, using a simple shape to produce a mask for the 'gully' displacement, and some light sources within that planet, because outside suns won't get through. Now, you can start experimenting..... and within no time, you've got it.
And the yellow explosion is a fragmented rock + a small planet's clouds. The other 'explosion' is light passing through a cloud layer from a lightsource.