1. In disk utility (see your pic above), go to the "view" menu and choose "show all devices".
2. NOW look at the representation for the Seagate drive. You should see a "top line" which represents the physical drive itself.
3. Click this, then click the erase button. Choose Mac OS extended with journaling enabled, GUID partition format.
4. Erase the drive and you should have ONE logical volume of about 1tb.
WARNING WARNING WARNING
Doing this will DESTROY any data that is already on the drive!
There's nothing on it you want to save, right...?