1. Heat the olive oil and butter in a large pot over medium heat.
2. Add the chopped onion and garlic, cook until softened.
3. Stir in the Arborio rice, cook for 2-3 minutes until lightly toasted.
4. Pour in the white wine, stir until absorbed.
5. Gradually add the warm chicken broth, one ladle at a time, stirring constantly until absorbed before adding more.
6. Continue this process until the rice is creamy and cooked through, about 20-25 minutes.
7. Stir in the lobster meat and grated Parmesan cheese, season with salt and pepper to taste.
8. Serve immediately, garnished with extra Parmesan if desired.