Track the change in total surface area using the ratio of radii.
Radius of merged drop. Equal volumes add, so
\[R^{3}=2r^{3},\qquad \frac{R}{r}=2^{1/3}\approx1.26.\]
Surface energy formula. For a sphere the surface energy is $E=S\cdot 4\pi(\text{radius})^{2}$.
Before. Two drops:
\[E_i=2\times S\,4\pi r^{2}=8\pi r^{2}S.\]
After. One drop:
\[E_f=S\,4\pi R^{2}=4\pi r^{2}S\left(\frac{R}{r}\right)^{2}=4\pi r^{2}S\,(2^{1/3})^{2}=4\pi r^{2}S\times1.587.\]
So $E_f=6.35\,\pi r^{2}S$.
Released energy. Since the merged drop has less surface area, energy is released:
\[\Delta E=E_i-E_f=(8-6.35)\pi r^{2}S=1.65\,\pi r^{2}S.\]
The surface shrinks on merging, so this energy comes out as heat.
\[\boxed{\Delta E=1.65\,\pi r^{2}S}\]