Recording is stopping after 58 minutes of recording portal 2

 
Reading your log you'll find after 58 minutes:
"Stopping recording due to hotkey"

So you hit a hotkey reserved for controlling the recording feature (by mistake i think). You should check for common keystrokes between OBS and your play...?
 
And this
"09:11:22.217: Video stopped, number of skipped frames due to encoding lag: 192534/194282 (99.1%)"

doesn't look good either.
 
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