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The planar double bubble (three circular arcs meeting in two points at equal 120° Angles) has the minimum Perimeter for enclosing two equal areas (Foisy 1993, Morgan 1995).
See also Apple, Bubble, Double Bubble Conjecture, Sphere-Sphere Intersection
References
Campbell, P. J. (Ed.).  Reviews.  Math. Mag. 68, 321, 1995.
 
Foisy, J.; Alfaro, M.; Brock, J.; Hodges, N.; and Zimba, J.  ``The Standard Double Soap Bubble in  
Morgan, F.  ``The Double Bubble Conjecture.''  FOCUS 15, 6-7, 1995.
 
Peterson, I.  ``Toil and Trouble over Double Bubbles.''  Sci. News 148, 101, Aug. 12, 1995.
 
 Uniquely
  Minimizes Perimeter.''  Pacific J. Math. 159, 47-59, 1993.