Rinse the shrimp under cold water and pat dry with paper towels. Season with salt and pepper.
Add half of the butter and half of the olive oil to a large skillet and melt over medium-high heat.
When the butter has melted, add the shallots, garlic and red pepper flakes and sautée until shallots become translucent.
Add the seasoned shrimp to the pan and cook them until they turn pink, about 2-3 minutes. Remove the shrimp from the pan and set aside.
Add the wine and lemon juice and bring to a boil.
Add the rest of the butter and olive oil.
When the butter has melted, add back the shrimps to the pan. Turn down the heat to low.