In a large pan, heat 1 tbsp butter and olive oil over medium heat. Add shallot and cook until soft.
Add Arborio rice and stir for 1-2 minutes until translucent at the edges.
Pour in white wine and simmer, stirring, until fully absorbed.
Add warm stock, one ladleful at a time, stirring constantly and allowing each addition to be absorbed before adding the next. Continue for about 20-25 minutes until rice is creamy and al dente.
In the last 5 minutes of cooking, gently stir in the chopped lobster meat to warm through.
Remove from heat. Stir in remaining 1 tbsp butter and Parmesan cheese. Season with salt and white pepper to taste.
Garnish with fresh parsley and serve immediately.
Notes
The key to creamy risotto is constant stirring and adding warm stock gradually. Don't rush the process. You can use pre-cooked lobster meat to save time.