How to approximate the Maillard temperature (154°C) in a pan?
The Maillard reaction begins around 150° C.  You do not need that exact temperature.  Usually, you don't even want that exact temperature; even baking temperatures usually hover around 175-200° C (350-400° F), and those temperatures are held for 20 minutes or more.  Pan-frying is almost always a fast cooking process lasting no longer than 10 minutes.

Thus, almost every cooking oil has a smoke point at or around the ideal temperature.  Butter is a bit too low around 121-149° C (250-300° F), but the vast majority of liquid oils - peanut, sunflower, corn, canola, sesame, even EVOO - all have smoke points from 150-260° C (300-500° F).

See Wikipedia's list of smoke points for a fairly complete list.  Avoid butter and unrefined flaxseed/safflower/sunflower oil (commercially-bottled oil is almost always refined, except for EVOO).

Of course, this doesn't say anything about cooking time or sticking.  When we talk about frying or sautéing in oil (i.e. to get the Maillard reaction going), we usually want a quick sear, and for that you really want to get the pan screaming hot so that you can get a good sear on the outside without doing much to the inside.  Clarified butter, coconut oil, or any other of the highly-refined oils are the best for that purpose.

If you're really trying to prolong the cooking time, i.e. pan-frying a chicken breast all the way through, then I guess you'd stick with a lower smoke point oil, such as EVOO or unrefined peanut or sesame.